My Phone Inc. use the total cost concept of applying the cost-plus approach to product pricing. The costs of producing and setting 5,000 units of cellular phones are as My Phone desires a profit equal to a 25% rate of return on invested assets of $418, 300. Determine the amount of desired profit from the production and sale of 5,000 units Determine the total costs for the production of 5,000 units. Variable Fixed Total Determine the cost amount per unit for the production and sale of 5,000 unit Determine the total cost markup percentage (rounded to one decimal place). Determine the selling price per unit. Round to the nearest cent