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 4,960 units of cell phones are as follows: Variable costs: Fixed costs: Direct materials $78 per unit Direct labor Factory overhead Selling and admin. exp. 37 24 21 Total variable cost per unit $160 per unit Factory overhead $198,500 Selling and admin, exp. 68,100 Voice Com desires a profit equal to a 16% rate of return on invested assets of $599,300. a. Determine the amount of desired profit from the production and sale of 4,960 units of cell phones. 95,888 b. Determine the product cost per unit for the production of 4,960 of cell phones. If required, round your answer to nearest dollar. 120 X 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. Total Cost Markup 233.08 X per unit 19.33 X per unit Selling price 233.08 X per unit Previous