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imart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 7,000 inits of
imart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 7,000 inits of cell phones are as follows: imart Stream desires a profit equal to a 14% return on invested assets of $848,000. Determine the total costs and the total cost amount per unit for the production and sale of 7,000 cellular phones. Round the cost per unit o two decimal places. Determine the total cost markup percentage for cellular phones. Round your answer to two decimal places. % Determine the selling price of cellular phones. Round to the nearest cent. per cellular phone
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