Myphone, Inc., uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 5,270 units of cell phones are as follows:

Variable costs:						Fixed costs:
	Direct materials		$89	per unit			Factory overhead	$201,400
	Direct labor		36				Selling and admin. exp.	72,000
	Factory overhead		25
	Selling and admin. exp.		21
		Total variable cost per unit	$171	per unit

MyPhone desires a profit equal to a 14% rate of return on invested assets of $599,900.

I've figured out A & B, but need help with C & D:

c. Determine the product cost markup percentage (rounded to two decimal places) for cell phones.

d. Determine the selling price of cell phones. Round to the nearest dollar.

Product Cost Method of Product Costing MyPhone, Inc., uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 5,270 units of cell phones are as follows Variable costs: Fixed costs: $89 per unit Factory overhead $201,400 Direct materials Direct labor Factory overhead Selling and admin. exp 36 25 21 Selling and admin. exp 72,000 Total variable cost per unit $171 per unit MyPhone desires a profit equal to a 14% rate of return on invested assets of $599,900 a. Determine the amount of desired profit from the production and sale of 5,270 units of cell phones. 83,986 b. Determine the product cost per unit for the production of 5,270 of cell phones. If required, round your answer to nearest dollar 188 per unit c. Determine the product cost markup percentage (rounded to two decimal places) for cell phones. 26.911 x % d. Determine the selling price of cell phones. Round to the nearest dollar Total Cost Markup Selling price per unit per unit per unit