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Thanks in advance I solved all but the last one Total Cost Method of Product Pricing Smart Stream Inc. uses the total cost method of
Thanks in advance I solved all but the last one
Total Cost Method of Product Pricing 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: Factory overhead Direct materials $ 83 per unit $310,800 109,200 Direct labor Selling and administrative expenses Factory overhead 25 Selling and administrative expenses Total variable cost per unit $166 per unit Smart Stream desires a profit equal to a 14% return on invested assets of $1,046,570. 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 $ 1,665,000 Total cost amount per unit $ 222 b. Determine the total cost markup percentage (rounded to two decimal places) for cellular phones. 8.80 % c. Determine the selling price of cellular phones. Round to the nearest cent. $ 19.5 X per cellular phone FeedbackStep by Step Solution
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