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Voice Com, Inc. uses the product cost method of applying the cost - plus approach to product pricing. The costs of producing and selling 4
Voice Com, Inc. uses the product cost method of applying the costplus approach to product pricing. The costs of producing and selling cell phones are as follows: Fixed costs: Factory overhead $ Selling and administrative expenses Voice Com desires a profit equal to a return on invested assets of $ a Determine the amount of desired profit from the production and sale of cell phones. $ b Determine the product cost per unit for the production of cell phones. Round your answer to the nearest whole dollar. $ per unit c Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. d Determine the selling price of cell phones. Round your answers to the nearest whole dollar. Total Cost per unit Markup per unit Selling price $ per unit
Voice Com, Inc. uses the product cost method of applying the costplus approach to product pricing. The costs of producing and selling cell phones are as follows:
Fixed costs:
Factory overhead $
Selling and administrative expenses
Voice Com desires a profit equal to a return on invested assets of $
a Determine the amount of desired profit from the production and sale of cell phones.
$
b Determine the product cost per unit for the production of cell phones. Round your answer to the nearest whole dollar.
$
per unit
c Determine the product cost markup percentage for cell phones. Round your answer to two decimal places.
d Determine the selling price of cell phones. Round your answers to the nearest whole dollar.
Total Cost
per unit
Markup
per unit
Selling price
$
per unit
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