Total Cost Concept of Product Costing Willis Products Inc. uses the total cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 6,000 units of medical tablets are as follows: Variable costs per unit: Fixed costs Direct materials $120 Factory overhead Direct labor Selling and admin. exp. Factory overhead 32 Selling and admin. exp. Total $230 Willis Products desires a profit equal to a 25% rate of return on invested a s of $735, 720 a. Determine the amount of desired profit from the production and sale of 6.000 units 960,000 x b. Determine the total costs for the production of 6,000 units Variable 1,206,000 Fixed 246,000 X Total 960,000 X Determine the cost amount per unit for the production and sale of 6,000 units $ 160 X per unit c. Dytermine the total cost markup percentage per unit. (rounded to one decimal place). 419.2 X 4 d. Determine the selling price per unit. Round to the nearest cent. 5 233.78 Xper unit