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Total Cosz Method of Product Pricing Smart Stream the uses the total colt method of apphing the cost-plus approach to product pricing. The costs of

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Total Cosz Method of Product Pricing Smart Stream the uses the total colt method of apphing the cost-plus approach to product pricing. The costs of producing and seling 5,500 units of celi phones are as follows: Smart Stream desires a profit ecual to a s6\% retum on invested avets of $656,770. a. Determine the tocal coss and the total cost amount per unit for the production and saie of 5,500 cell phones. Round the cost per unit to two decimal places. b. Determine the tocat cost markup percentage for cell phobes, Round your answer to two decimat places. c. Determine the selling price of cell phones. Found to the nearest cent. 1 per cell phone

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