Please help me with all answers I will give upvote thanku 7. Product Cost Method of Product CostingVoice Com, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs ofproducing and selling 4,620 cell phones are as follows:TheVariablecosts perunit are:$Direct materials $61%Direct laborFactoryoverheadMarkupSelling priceSelling andadministrativeexpenses302222Totalvariablecost perunit$135TheFixedcostsare:FactoryoverheadSelling andadministrativeexpensesVoice Com desires a profit equal to a 15% rate of return on invested assets of $598,200.Determine the amount of desired profit from the production and sale of 4,620 cell phones.$199,00069,900Determine the product cost per unit for the production of 4,620 of cell phones. Round your answer to the nearestwhole dollar.$ per unitDetermine the product cost markup percentage for cell phones. Round your answer to two decimal places.Determine the selling price of cell phones. Round your answers to the nearest whole dollar.Total Cost$per unitper unit$per unit

Answer:- Using the entire cost of manufacturing and sales as a starting point, cost plus pricing…

7. 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 4,620 cell phones are as follows: The Variable costs per unit are: $ Direct materials $61 % Direct labor Factory overhead Markup Selling price Selling and administrative expenses 30 22 22 Total variable cost per unit $135 The Fixed costs are: Factory overhead Voice Com desires a profit equal to a 15% rate of return on invested assets of $598,200. Determine the amount of desired profit from the production and sale of 4,620 cell phones. per unit Sper unit Selling and administrative expenses $199,000 Determine the product cost per unit for the production of 4,620 of cell phones. Round your answer to the nearest whole dollar. $ per unit Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. 69,900 Determine the selling price of cell phones. Round your answers to the nearest whole dollar. Total Cost Sper unit

7. 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 4,620 cell phones are as follows: The Variable costs per unit are: $ Direct materials $61 % Direct labor Factory overhead Markup Selling price Selling and administrative expenses 30 22 22 Total variable cost per unit $135 The Fixed costs are: Factory overhead Voice Com desires a profit equal to a 15% rate of return on invested assets of $598,200. Determine the amount of desired profit from the production and sale of 4,620 cell phones. per unit Sper unit Selling and administrative expenses $199,000 Determine the product cost per unit for the production of 4,620 of cell phones. Round your answer to the nearest whole dollar. $ per unit Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. 69,900 Determine the selling price of cell phones. Round your answers to the nearest whole dollar. Total Cost Sper unit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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