Smart Stream Inc. uses the total cost method of applying the cost$-$plus approach to product pricing. The costs of producing and selling $6,500$ units of cell phones are as follows:

Variable costs: Fixed costs:

Direct materials $ $72$ per unit Factory overhead $$235,700$

Direct labor $33$ Selling and administrative expenses $82,800$

Factory overhead $22$

Selling and administrative expenses $17$

Total variable cost per unit $$144$ per unit

Smart Stream desires a profit equal to a $14\%$ return on invested assets of $$716,860.$

a$.$ Determine the total cost and the total cost amount per unit for the production and sale of $6,500$ 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