eBook Show Me How Print Item 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...

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 5,090 cellular phones are as follows:

Voice Com wants a profit equal to a 16% rate of return on invested assets of $599,700.

a.Determine the amount of desired profit from the production and sale of 5,090 cellular phones.
$fill in the blank 1

b.Determine the product cost and the cost amount per unit for the production of 5,090 cellular phones. If required, round your answer to nearest dollar.
$fill in the blank 2 per unit

c.Determine the product cost markup percentage (rounded to two decimal places) for cellular phones.
fill in the blank 3 %

d.Determine the selling price of cellular phones. Round to the nearest dollar.