Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 3,500 units of cell phones are as follows:

Variable costs:			Fixed costs:
Direct materials	$ 80	per unit	Factory overhead	$139,900
Direct labor	37		Selling and administrative expenses	49,100
Factory overhead	24
Selling and administrative expenses	19
Total variable cost per unit	$160	per unit

Smart Stream desires a profit equal to a 16% return on invested assets of $402,590.

a. Determine the total cost and the total cost amount per unit for the production and sale of 3,500 units of cellular phones. Round the cost per unit to two decimal places.

Total cost	$fill in the blank 1
Total cost amount per unit	$fill in the blank 2

b. Determine the total cost markup percentage (rounded to two decimal places) for cellular phones. fill in the blank 3 %

c. Determine the selling price of cellular phones. Round to the nearest cent. $fill in the blank 4 per cellular phone