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Sirrus Phone Company uses the total cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 3,500 units of

Sirrus Phone Company uses the total cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 3,500 units of mobile phones are as follows: variable costs fixed costs Direct materials $130.00 per unit Factory o/h $175,000 Direct labor 50.00 Selling/admin exp $ 70,000 Factory overhead 35.00 Selling/admin exp 25.00 Total $240.00 Sirrus desires a profit equal to a 30% rate of return on invested assets of $350,000 Assuming Sirrus Phone Company uses the product cost concept of applying the cost-plus approach to product pricing, a. Determine the total manufacturing costs and the cost amount per unit for the production and sale of 3,500 units of mobile phones. b.Determine the markup percentage(rounded to two decimal places)for mobile phones c.determine the selling price of mobile phones. Round to the nearest dollar

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