Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Product Cost Method of Product Costing Voice Com, Inc. uses the product cost method of applying the cost sach to product pricing. The costs of

image text in transcribed

Product Cost Method of Product Costing Voice Com, Inc. uses the product cost method of applying the cost sach to product pricing. The costs of producing and selling 4,560 cell phones are as follows: Variable costs per unit: Fixed costs: Direct materials $86 Factory overhead $199,200 Direct labor 36 Selling and administrative expenses 70,300 Factory overhead 28 Selling and administrative expenses 21 Total variable cost per unit $171 Voice Com desires a profit equal to a 15% rate of return on invested assets of $600,500. a. Determine the amount of desired profit from the production and sale of 4,560 cell phones. 90,075 b. Determine the product cost per unit for the production of 4,560 of cell phones. Round your answer to the nearest whole dollar 193.7 X per unit c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. 20.44 X d. Determine the selling price of cell phones. Round your answers to the nearest whole dollar Total Cost 155 X per unit Markup 20.44 X per unit Selling price 175.44 X per unit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Social Media Audit And Stats Audit And Statistics For Social Media Platforms

Authors: Virtual Desk Tools

1st Edition

B09JDX8Z9M, 979-8492994938

More Books

Students also viewed these Accounting questions