Product Cost Method of Product Costing MyPhone, Inc., uses the product cost method of applying the cost-plus approach to product pricing. The cost of producing and selling 4,620 units of cell phones are as follows: Vartable costs: Fixed costs: Direct materials $66 per unit Factory overhead $199,900 Direct labor Selling and admin. exp. 69,500 factory overhead Selling and admin. exp. Total variable cost per unit $164 per unit MyPhone desires a pront equal to a 15 rate of return on invested assets of 1601,200 a. Determine the amount of desired profit from the production and sale of 4,020 units of cell phones. b. Determine the product cost per unit for the production of 4,620 of cell phones. If required, round your answer to nearest dollar per unit c. Determine the product cost markup percentage (rounded to two decimal places) for cell phones. d. Determine the selling price of cell phones. Round to the nearest dollar. Total Cost cap Selling price