Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 10,000 cell phones are as follows: Fixed costs: Variable costs per unit: $350,000 Factory overhead $150 Direct materials Selling and administrative 140,000 25 Direct labor expenses 40 Factory overhead Selling and administrative expenses $240 Total variable cost per unit Smart Stream desires a profit equal to a 30% return on invested assets of $1,200,000. a. Determine the total cost and the total cost amount per unit for the production and sale of 10,000 cellular phones. Total cost Total cost amount per unit 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 nearest dollar. per cellular phone 25