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Product cost method of product costing MyPhone, Inc. uses the product cost method of applying the cost - plus approach to product pricing. The costs

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 4,570 cell phones are as follows:
Variable costs per unit:
Fixed costs:
Factory overhead
Selling and administrative expenses 69,700
MyPhone desires a profit equal to a 16% return on invested assets of $598,800.
a. Determine the amount of desired profit from the production and sale of 4,570 cell phones.
$
b. Determine the product cost per unit for the production of 4,570 cell phones. Round your answer to the nearest whole dollar.
q
x per unit
c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places.
x%
d. Determine the selling price of cell phones. Round your answers to the nearest whole dollar.
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