Total Cost Concept of Product Pricing Voice Com, Inc. produces and sells cellular phones. The cost of producing and selling 7,500 units of cellular phones are as follows: Fixed cost Variable costs: Direct materials $ 79 per unit Factory overhead Selling and admin. exp. $209,700 105,300 36 Direct labor Factory overhead Selling and admin exp 19 Total $150 per unit Voice Com desires a profit equal to a 15% rate of return on invested assets of $954,000. Assume that Voice Com, Inc., uses the total cost concept of applying the cost plus proach to product pricing a. Determine the total costs 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 Cost amount per unit b. Determine the total cost markup percentage (rounded to two decimal places) for celular phones c. Determine the selling price of cellular phones. Round to the nearest cent. per phone