Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Voice Com Inc. uses the product cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 4,670 cellular phones

image text in transcribed
Voice Com Inc. uses the product cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 4,670 cellular phones are as follows: Variable costs: xed costs: Direct materials $30! per unit Factory overhead $199,000 Direct labor 31 Selling and administrative expensa 69,300 Factoryr overhead 28 Selling and administrative expenses 20 Total $15?r per unit Voice Com wants a prot equal to a 15% rate of return on invested assets of $600,500. a. Determine the amount of desired prot from the production and sale of 4,6?0 cellular phones. J v' h. Determine the product cost and the cost amount per unit for the production of 4,6?0 cellular phones. If required, round your answer to nearest dollar. c. Determine the product cost markup percentage (rounded to two decimal places) for cellular phones. Em d. Determine the selling price of cellular phones. Round to the nearest dollar. Cost E X per unit Selling price E X per unit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting A Practical Approach

Authors: Jeffrey Slater, Mike Deschamps

14th Edition

0134729315, 978-0134729312

More Books

Students also viewed these Accounting questions

Question

1. To gain knowledge about the way information is stored in memory.

Answered: 1 week ago