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Product cost method of product costing Voice Com, Inc. uses the product cost method of applying the cost - plus approach to product pricing. The

Product cost method of product costing
Voice Com, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 5,110 cell phones are as follows:
Fixed costs:
Factory overhead
Selling and administrative expenses
70,300
Voice Com desires a profit equal to a 13% return on invested assets of $600,900.
a. Determine the amount of desired profit from the production and sale of 5,110 cell phones.
$
b. Determine the product cost per unit for the production of 5,110 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.
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