Please show work

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 5,190 units of cell phones are as follows:

Variable costs:						Fixed costs:
	Direct materials		$64	per unit			Factory overhead	$200,900
	Direct labor		39				Selling and admin. exp.	70,600
	Factory overhead		28
	Selling and admin. exp.		18
		Total variable cost per unit	$149	per unit

MyPhone desires a profit equal to a 15% rate of return on invested assets of $598,200.

a. Determine the amount of desired profit from the production and sale of 5,190 units of cell phones. $__________

b. Determine the product cost per unit for the production of 5,190 of cell phones. If required, round your answer to nearest dollar. $_________ per unit

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.

Total Cost	$_________per unit
Markup	__________per unit
Selling price	$_________per unit