Voice Com, Inc., produces and sells cellular phones. The costs of producing and selling 5,500 units of cellular phones are as follows: Variable costs: Fixed costs: Direct materials $ 73 per unit Factory overhead $203,500 Selling and admin. exp. 71,500 Direct labor Factory overhead Selling and admin. exp. Total $146 per unit Voice Com desires a profit equal to a 14% rate of return on invested assets of $646,800. 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 5,500 units of cellular phones. Round the cost per unit to two decimal places. Total cost $ $ 1,078,000 196 Cost amount per unit b. Determine the total cost markup percentage (rounded to two decimal places) for cellular phones. 30 x % c. Determine the selling price of cellular phones. Round to the nearest cent. $ 212 per phone Feedback Check My Work a. Divide the variable and fixed manufacturing costs by the number of units. b. Divide the desired profit by the total cost. c. Add the cost (a) and markup [(a) (b)]