Question

Based on the data presented in Exercise assume that Smart Stream Inc. uses the total cost concept of applying the cost-plus approach to product pricing.
In Exercise, Smart Stream Inc. uses the product cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 10,000 cellular phones are as follows:


a. Determine the total costs and the total cost amount per unit for the production and sale of 10,000 cellular phones.
b. Determine the total cost markup percentage (rounded to two decimal places) for cellular phones.
c. Determine the selling price of cellular phones. Round to the nearestdollar.


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  • CreatedJune 27, 2014
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