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 4,920 cell phones are as follows: Variable costs per unit: Fixed costs: Direct materials $88 Factory overhead Direct labor 40 Selling and administrative exper Factory overhead 23 Selling and administrative expenses 18 Total variable cost per unit $169 MyPhone desires a profit equal to a 13% rate of return on invested assets of $601,500. a. Determine the amount of desired profit from the production and sale of 4,920 cell phones. $ b. Determine the product cost per unit for the production of 4,920 of 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 % 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 4,920 cell phones are as follows: Variable costs per unit Fixed costs: Direct materials SBB Factory overhead $199,800 Direct labor 40 Selling and administrative expenses 68,000 Factory overhead 23 Selling and administrative expenses Total variable cost per unit 18 5159 My Phone desires pot equal to 13 rate of return on invested asses $501.500 a. Determine the amount of desired gircit from the production and sale of 4.920 cel phones