If a hedger wants to place a short hedging with options on Futures contracts (to protect against a potential output price risk), she needs to take a long position on a Call option on the Commodity Futures Your answer a short position on a Call option on the Commodity Futures a long position on a Put option on the Commodity Futures a short position on a Put option on the Commodity Futures Product Cost Method of Product Costing MyPhone, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 5,450 cell phones are as follows: Variable costs per unit: Direct materials Direct labor Fixed costs: Factory overhead $64 $198,800 71,200 31 Selling and administrative expenses Factory overhead 28 Selling and administrative expenses Total variable cost per unit $146 MyPhone desires a profit equal to a 15% rate of return on invested assets of $599,000, a. Determine the amount of desired profit from the production and sale of 5,450 cell phones, b. Determine the product cost per unit for the production of 5,450 of cell phones. Round your answer to the nearest whole dollar, per unit c. Determine the product cost markup percentage for cell phones, Round your answer to two decimal places d. Determine the selling price of cell phones. Round your answers to the nearest whole dollar Total Cost per unit Markup per unit