Business, 11.05.2021 20:20 MadisonAvocado926

Product Cost Method of Product Costing Voice Com, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 4,560 cell phones are as follows: Variable costs per unit: Fixed costs: Direct materials $64 Factory overhead $199,200 Direct labor 38 Selling and administrative expenses 70,100 Factory overhead 25 Selling and administrative expenses 21 Total variable cost per unit $148 Voice Com desires a profit equal to a 16% rate of return on invested assets of $598,700. a. Determine the amount of desired profit from the production and sale of 4,560 cell phones. $fill in the blank 1 95,792 b. Determine the product cost per unit for the production of 4,560 of cell phones. Round your answer to the nearest whole dollar. $fill in the blank 2 171 per unit c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. fill in the blank 3 26.73 % d. Determine the selling price of cell phones. Round your answers to the nearest whole dollar. Total Cost $fill in the blank 4 217 per unit Markup fill in the blank 5 46 per unit Selling price $fill in the blank 6 per unit Feedback

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Product Cost Method of Product Costing Voice Com, Inc. uses the product cost method of applying the...

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