Techcom is designing a new smartphone. Each unit of this new phone will require $$237$ of direct materials; $$17$ of direct labor; $$31$ of variable overhead; $$25$ of variable selling, general, and administrative costs; $$38$ of fixed overhead costs; and $$17$ of fixed selling, general, and administrative costs.

Compute the selling price per unit if the company uses the total cost method and plans a markup of $180\%$ of total costs.

The company is a price$-$taker and the expected selling price for this type of phone is $$870$ per unit. Compute the target cost per unit if the company's target profit is $70\%$ of expected selling price.

Compute the selling price per unit if the company uses the variable cost method and plans a markup of $200\%$ of variable costs.

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