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:						Fixed costs:
	Direct materials		$61				Factory overhead	$200,000
	Direct labor		34				Selling and administrative expenses	69,200
	Factory overhead		22
	Selling and administrative expenses		23
		Total variable cost per unit	$140

MyPhone desires a profit equal to a 14% rate of return on invested assets of $599,300.

a. Determine the amount of desired profit from the production and sale of 4,930 cell phones.

b. Determine the product cost per unit for the production of 4,930 of cell phones. Round your answer to the nearest whole dollar.

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	$fill in the blank
Markup	fill in the blank
Selling price	$fill in the blank