Product Cost Method of Product Costing Voice Com, Inc., uses the product cost method of applying the cost-plus approach to product pridng. The costs of producing and selling 4,640 units of cell phones are as follows: Variable costs: Direct materials Direct labor $75 per unit Fixed costs: Factory overhead Selling and admin. exp. $201,800 69,200 Factory overhead Selling and admin. exp. Total variable cost per unit 20 $151 per unit Voice Com desires a profit equal to a 14% rate of return on invested assets of $601,300. a. Determine the amount of desired profit from the production and sale of 4,640 units of cell phones. $ 34,182 b. Determine the product cost per unit for the production of 4,640 of cell phones. If required, round your answer to nearest dollar. $ 174 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 174 per unit Markup per unit