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Chapter 24 Homework (Application) eBook Show Me How Calculator Product Cost Method of Product Costing Voice Com, Inc., uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 4,660 units of cell phones are as follows: Fixed costs: $73 per unit Variable costs: Direct materials Direct labor Factory overhead Factory overhead Selling and admin. exp. $201,000 70,900 Selling and admin. exp. Total variable cost per unit $160 per unit Voice Com desires a profit equal to a 14% rate of return on invested assets of $601,700. a. Determine the amount of desired profit from the production and sale of 4,660 units of cell phones. $ 84,238 b. Determine the product cost per unit for the production of 4,660 of cell phones. If required, round your answer to nearest dollar. $ 182 per unit c. Determine the product cost markup percentage (rounded to two decimal places) for cell phones. X % d. Determine the selling price of cell phones. Round to the nearest dollar. Total Cost $ 182 per unit per unit Markup Selling price per unit