Product Cost Method of Product Costinu MyPhone, Inc. uses the product cost method of applying the cost plus approach to product pricing. The cost of producing and selling 4,720 cell phones are follow Variable costs per unit: Vood costs: Direct materials 582 Factory overhead 5200,900 Direct labor 30 Selling and administrative expenses 70,800 Factory overhead 27 Selling and administrative expenses 21 Total Vanable cost per unit $165 MyPhone desires a profit equal to 14% rate of return on invested assets of $600,000 a. Determine the amount of desired proht from the production and sale of 4.220 cell phones b. Determine the product cost per unit for the production of 4.720 of cell phones Round your answer to the nearest whole dollar per un c. Determine the product cost markup percentage for cell phones. Round your answer to two decal places d. Determine the selling price of cell phones. Round your answers to the nearest whole ole Total Cost Mark per unit Selling price