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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
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
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