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 4,500 cell phones are as follows: Variable costs per unit: Direct materials Direct labor Factory overhead Selling and administrative expenses Total variable cost per unit $63 36 22 20 $141 Fixed costs: Factory overhead $200,300 Selling and administrative expenses 68,800 MyPhone desires a profit equal to a 13% return on invested assets of $598,400. a. Determine the amount of desired profit from the production and sale of 4,500 cell phones. 77,792 Markup Selling price b. Determine the product cost per unit for the production of 4,500 cell phones. Round your answer to the nearest whole dollar. 166 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. Total Cost 166 per unit X per unit X per unit

Product Cost Mothod of Product Costing Myphone, Inc. uses the product cost methed of applying the cost-plus approach to product pricing. The couts of produping and selling a, soo ceil phones art an foliows Variable costs per unit: Myphone desires a profit equal to a 13% return on invested assets of $598,400. a. Determine the amount of desired profis from the production and sale of 4,500 cell phones. b. Determine the product cost per unit for the production of 4,500 cell phones. Round your answer to the nearest whole dollar. 1 per unit c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. x%