Based on the data presented in Exercise 12-15, assume that Global Cellular Inc. uses the variable cost concept of applying the cost-plus approach to product pricing.
a. Determine the variable costs and the cost amount per unit for the production and sale of 80,000 units of computer tablets.
b. Determine the variable cost markup percentage (rounded to two decimal places) for computer tablets.
c. Determine the selling price of computer tablets. Round to the nearest cent.