Based on the data presented in Exercise 25-15, assume that Sirrus Phone Company uses the product cost concept of applying the cost-plus approach to product pricing.
a. Determine the total manufacturing costs and the cost amount per unit for the production and sale of 3,500 units of mobile phones.
b. Determine the markup percentage (rounded to two decimal places) for mobile phones.
c. Determine the selling price of mobile phones. Round to the nearest dollar.