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Need help with b and c Product Cost Concept of Product Pricing Willis Products Inc. uses the product cost concept of applying the cost-plus approach

Need help with b and c

Product Cost Concept of Product Pricing

Willis Products Inc. uses the product cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 7,000 units of medical tablets are as follows:

Variable costs per unit: Fixed costs:
Direct materials $104 Factory overhead $252,000
Direct labor 38 Selling and admin. exp. 84,000
Factory overhead 32
Selling and admin. exp. 26
Total $200

Willis Products desires a profit equal to a 25% rate of return on invested assets of $425,600.

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a. Determine the total manufacturing costs for the production and sale of 7,000 units. Total Manufacturing Costs 1,218,000 252,000 1,470,000 Determine the cost amount per unit for the production and sale of 7,000 units Variable Fixed factory overhead Total s 210) per unit b. Determine the product cost markup percentage per unit. Round your percentage answer to one decimal place. 0.121 x % ?. Determine the selling price per unit. Use he rounded product cost markup percentage in your calculations, and round the amount o dollar. e man up to the nearest who e per unit

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