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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

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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 3,000 units of medical tablets are as follows: Willis Products desires a profit equal to a 25% rate of return on invested assets of $241,200. a. Determine the amount of desired profit from the production and sale of 3,000 units. b. Determine the total costs for the production of 3,000 units. Variable $ Fixed Total c Determine the cost amount per unit for the production and sale of 3,000 units. $ per unit c. Determine the total cost markup percentage per unit. (rounded to one decimal place). % d. Determine the selling price per unit. Round to the nearest cent. $ per unit

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