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 $4,840$ cell phones are as follows:

Variable costs per unit:

Fixed costs:

Factory overhead $$198,500$

Selling and administrative expenses $69,100$

MyPhone desires a profit equal to a $15\%$ return on invested assets of $$599,900.$

a$.$ Determine the amount of desired profit from the production and sale of $4,840$ cell phones.

$

b$.$ Determine the product cost per unit for the production of $4,840$ 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