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 5,170 cell phones are as follows: Variable costs per unit: Direct materials $64 Direct labor Factory overhead 40 24 Selling and administrative expenses 21 Total variable cost per unit Fixed costs: Factory overhead $149 $200,800 Selling and administrative expenses 68,600 MyPhone desires a profit equal to a 13% return on invested assets of $598,600. a. Determine the amount of desired profit from the production and sale of 5,170 cell phones. b. Determine the product cost per unit for the production of 5,170 cell phones. Round your answer to the nearest whole dollar. per unit c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. % d. Determine the selling price of cell phones. Round your answers to the nearest whole dollar. Total Cost per unit Markup per unit Selling price per unit