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Need help with d only Total Cost Concept of Product Costing Willis Products Inc. uses the total cost concept of applying the cost-plus approach to

Need help with d only

Total Cost Concept of Product Costing

Willis Products Inc. uses the total cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 5,000 units of medical tablets are as follows:

Variable costs per unit: Fixed costs:
Direct materials $114 Factory overhead $200,000
Direct labor 42 Selling and admin. exp. 65,000
Factory overhead 35
Selling and admin. exp. 29
Total $220

Willis Products desires a profit equal to a 25% rate of return on invested assets of $393,120.

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Willis Products desires a profit equal to a 25% rate of return on invested assets of $393,120. a. Determine the amount of desired profit from the production and sale of 5,000 units. $98,280 b. Determine the total costs for the production of 5,000 units 1,100,000 V Fixed 265,000 V Total1,365,000 Determine the cost amount per unit for the production and sale of 5,000 units. 273 V per unit c. Determine the total cost markup percentage per unit. (rounded to one decimal place). 7.2 % d. Determine the selling price per unit. Round to the nearest cent. 292.7X per unit

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