Willis Products Inc. uses the total 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 25% rate of return on invested assets of $618,520.

a. Determine the amount of desired profit from the production and sale of 7,000 units. $fill in the blank 1

b. Determine the total costs for the production of 7,000 units.

Variable	$fill in the blank 2
Fixed	fill in the blank 3
Total	$fill in the blank 4

Determine the cost amount per unit for the production and sale of 7,000 units. $fill in the blank 5 per unit

c. Determine the total cost markup percentage per unit. (rounded to one decimal place). fill in the blank 6 %

d. Determine the selling price per unit. Round to the nearest cent. $fill in the blank 7 per unit