Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 7,500 units of cell phones are as follows:

Variable costs:			Fixed costs:
Direct materials	$ 82	per unit	Factory overhead	$310,800
Direct labor	38		Selling and administrative expenses	109,200
Factory overhead	25
Selling and administrative expenses	19
Total variable cost per unit	$164	per unit

Smart Stream desires a profit equal to a 14% return on invested assets of $942,860.

a. Determine the total cost and the total cost amount per unit for the production and sale of 7,500 units of cellular phones. Round the cost per unit to two decimal places.

b. Determine the total cost markup percentage (rounded to two decimal places) for cellular phones.

c. Determine the selling price of cellular phones. Round to the nearest cent.

Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 7,500 units of cell phones are as follows: Variable costs Fixed costs: Direct materials Direct labor Factory overhead Selling and administrative expenses $ 82 per unit Factory overhead $310,800 38 25 19 Selling and administrative expenses 109,200 Total varlable cost per unit $164 per unit Smart Stream desires a profit equal to a 14% return on invested assets of $942,860. a. Determine the total cost and the total cost amount per unit for the production and sale of 7,500 units of cellular phones. Round the cost per unit to two decimal places. Total cost Total cost amount per unit b. Determine the total cost markup percentage (rounded to two decimal places) for cellular phones. c. Determine the selling price of cellular phones. Round to the nearest cent per cellular phone