Product Cost Method of Product Costing

Variable costs per unit:

Fixed costs:

Factory overhead

Selling and administrative expenses $68,700$

MyPhone desires a profit equal to a $14\%$ return on invested assets of $$600,000.$

a$.$ Determine the amount of desired profit from the production and sale of $5,200$ cell phones.

$

b$.$ Determine the product cost per unit for the production of $5,200$ 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

per unit