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Variable Cost Concept of Product Pricing Voice Com, Inc., produces and sells cellular phones. The costs of producing and selling 9,000 units of cellular phones

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Variable Cost Concept of Product Pricing Voice Com, Inc., produces and sells cellular phones. The costs of producing and selling 9,000 units of cellular phones are as follows: Voice Com desires a profit equal to a 15% rate of return on invested assets of $455,000. Assume that Voice Com, Inc., uses the variable cost concept of applying the cost-plus approach to product pricing. a. Determine the variable costs and the variable cost amount per unit for the production and sale of 9,000 units of cellular phones. b. Determine the variable cost markup percentage for cellular phones. % c. Determine the selling price of cellular phones. Round to the nearest cent. per phone Voice Com, Inc., produces and sells cellular phones. The costs of producing and selling 9,000 units of cellular phones are as follows: Voice Com desires a profit equal to a 16% rate of return on invested assets of $1,083,710. Assume that Voice Com, Inc., uses the total cost concept of applying the cost-plus approach to product pricing. a. Determine the total costs and the total cost amount per unit for the production and sale of 9,000 units of cellular phones. Round the cost per unit to two decimal places. b. Determine the total cost markup percentage (rounded to two decimal places) for cellular phones. % c. Determine the selling price of cellular phones. Round to the nearest cent. per phone Mademoiselle Company produces women's handbags. The cost of producing 1,270 handbags is as follows: The selling and administrative expenses are $29,000. The management desires a profit equal to 18% of invested assets of $497,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,270 handbags. 5 b. Determine the product cost per unit for the production of 1,270 handbags. per unit c. Determine the product cost markup percentage for handbags. % d. Determine the selling price of handbags. Round your answers to nearest whole value. Product Cost Markup Percentage Apex Lighting Inc. produces and sells lighting fixtures. An entry light has a total cost of $76 per unit, of which $39 is product cost and $37 is selling and administrative expenses. In addition, the total cost of $76 is made up of $38 variable cost and $38 fixed cost. The desired profit is $1 per unit. Determine the markup percentage on product cost. Round the answer to nearest whole number. %

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