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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 costs of
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 5,070 units of cell phones are as follows: Variable costs: Fixed costs Direct materials Direct labor Factory overhead Selling and admin. exp. $60 per unit Factory overhead Selling and admin. exp. $198,800 68,500 28 Total variable cost per unit $143 per unit Voice Com desires a profit equal to a 13% rate of return on invested assets of $599,300. .Determine the amount of desired profit from the production and sale of 5,070 units of cell phones 77,909 b. Determine the product cost per unit for the production of 5,070 of cell phones. If required, round your answer to nearest dollar 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 X per unit Total Cost per unit per unit a. Determine the amount of desired profit from the production and sale of 5,070 units of cell phones. 77,909 b. Determine the product cost per unit for the production of 5,070 of cell phones. If required, round your answer to nearest dolla. 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 Selling price per unit per unit per unit
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