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 10,000 cell phones are as follows: Variable costs per unit: Fixed costs: 150 Factory overhead Direct materials Direct labor Factory overhead Selling and administrative expenses 25 $350,000 25 Slling and administrative expenses 140,000 40 Total variable cost per unit Smart Stream desires a profit equal to a 30% return on invested assets of S 1,200,000. a. Determine the total cost and the total cost amount per unit for the production and sale of 10,000 cellular phones Total cost Total cost amount per unit b. Determine the total cost markup percentage (rounded to two decimal places) for cellular phones. $240 240 X 289 12.461 % c. Determine the selling price of cellular phones. Round to the nearest dollar 325 per cellular phone