MyPhone, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 5,260 cell phones are as follows: Variable costs per unit: Fixed costs: Direct materials $63 Factory overhead $200,100 Direct labor 33 Selling and administrative expenses 71,900 Factory overhead 24 Selling and administrative expenses 23 Total variable cost per unit $143 MyPhone desires a profit equal to a 16% rate of return on invested assets of $599,000. a. Determine the amount of desired profit from the production and sale of 5,260 cell phones. $fill in the blank 1 b. Determine