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 5,000 units of medical tablets are as follows:

Variable costs per unit:

Fixed costs: Direct materials $125, Factory overhead $215,000, Direct labor 46, Selling and admin. exp. 70,000, Factory overhead 38, Selling and admin. exp. 31, Total $240

Willis Products desires a profit equal to a 25% rate of return on invested assets of $405,000.

a. Determine the total manufacturing costs for the production and sale of 5,000 units. Total Manufacturing Costs Variable $ Fixed factory overhead Total $ Determine the cost amount per unit for the production and sale of 5,000 units. $ per unit

b. Determine the product cost markup percentage per unit. Round your percentage answer to one decimal place. %

c. Determine the selling price per unit. Use the rounded product cost markup percentage in your calculations, and round the amount of the markup to the nearest whole dollar. $ per unit