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 , 240 cell phones are as follawst Variable costs per unit: MyPhone desires a profit equal to a 16% return on invested assets of $601,400. a. Determine the amount of desired profit from the production and sale of 5,240 cell phones. b. Determine the product cost per unit for the production of 5,240 cell phones. Round your answer to the nearest whole doltar, per unit c. Determine the product cost markup percintage for cell phones. Round your answer to two decimal places: Myphone desires a profit equal to a 16% return on invested assets of 5601,400 . a. Determine the amount of desired profit from the production and sale of 5,240 cell phones. b. Determine the product cost per unit for the production of 5,240 cell phones. Round your answer to the nearest whole dellar. per unit c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. \% d. Determine the seling price of cell phones, Round your answers to the nearest whole dollar