MyPhone, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 4,930 cell phones are as follows: Variable costs per unit: Direct materials Direct labor $73 39 23 Factory overhead Selling and administrative expenses Total variable cost per unit MyPhone desires a profit equal to a 16% rate of return on invested assets of $600,800. a. Determine the amount of desired profit from the production and sale of 4,930 cell phones. Total Cost 21 Markup $156 Selling price

Myphone desires a protit tqual to a 164 fate of raturn on invethed assets of s600, 000 a. Determine the ambunt of desired profic from the production and s4le of 4,930 cell phocis 1 b. Determine the product cost per unit for the production of 4,930 of cell phochet. flound your answer to the nearest whole doilst. per unit c. Determine the prodoct cost markup percectoge for cell phones. Dound your andwer to two decimal places