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 5,180 units o phones are as follows: Variable costs: Fixed costs: $67 per unit Factory overhead $201,900 Direct materials Direct labor Factory overhead Selling and admin. exp. 31 Selling and admin. exp. 70,900 23 Total variable cost per unit $147 per unit MyPhone desires a profit equal to a 15% rate of return on invested assets of $600,200. a. Determine the amount of desired profit from the production and sale of 5,180 units of cell phones b. Dete ermine the product cost per unit for the production of 5,180 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 per unit per unit Total Cost Selling price per unit