Willis Products Inc. uses the product cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 7,000 units of medical tablets are as follows:

Variable costs per unit:					Fixed costs:
	Direct materials	$99				Factory overhead	$238,000
	Direct labor	36				Selling and admin. exp.	77,000
	Factory overhead	30
	Selling and admin. exp.	25
Total		$190

Willis Products desires a profit equal to a 20% rate of return on invested assets of $554,400.

a. Determine the total manufacturing costs for the production and sale of 7,000 units.

	Total Manufacturing Costs
Variable	$1155000
Fixed factory overhead	238000
Total	$1393000

Determine the cost amount per unit for the production and sale of 7,000 units. ____ per unit

b. Determine the product cost markup percentage per unit. Round your percentage answer to one decimal place. ______%

c. Determine the selling price per unit. Use the rounded product cost markup percentage in your calculations, and round the amount of the markup to the nearest whole dollar. $________ per unit