Question: Will give thumbs up if answers are correct! Need help quickly please :) Product Cost Concept of Product Costing Voice Com Inc. uses the product

Will give thumbs up if answers are correct! Need help quickly please :)

Will give thumbs up if answers are correct! Need help quickly please

Product Cost Concept of Product Costing Voice Com Inc. uses the product cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 5,460 cellular phones are as follows: Variable costs: Fixed costs: Direct materials $61 per unit Factory overhead $199,800 Direct labor 35 Selling and administrative expenses 71,800 Factory overhead 23 Selling and administrative expenses 22 Total $141 per unit Voice Com wants a profit equal to a 13% rate of return on invested assets of $601,800. a. Determine the amount of desired profit from the production and sale of 5,460 cellular phones. b. Determine the product cost and the cost amount per unit for the production of 5,460 cellular phones. If required, round your answer to nearest dollar. per unit c. Determine the product cost markup percentage (rounded to two decimal places) for cellular phones. % d. Determine the selling price of cellular phones. Round to the nearest dollar. Cost $ per unit Markup Selling price $ per unit

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