Voice Com desires 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 5,230 cell phones. $fill in the blank 1 b. Determine the product cost per unit for the production of 5,230 of cell phones. Round your answer to the nearest whole dollar. $fill in the blank 2 per unit c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. fill in the blank 3 % d. Determine the selling price of cell phones. Round your answers to the nearest whole dollar. Total Cost $fill in the blank 4per u
Voice Com, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 5,230 cell phones are as follows:
| Variable costs per unit: | Fixed costs: | ||||||
| Direct materials | $67 | Factory |
$201,000 | ||||
| Direct labor | 31 | Selling and administrative expenses | 68,100 | ||||
| Factory overhead | 24 | ||||||
| Selling and administrative expenses | 21 | ||||||
| Total variable cost per unit | $143 |
Voice Com desires a profit equal to a 16% rate of
a. Determine the amount of desired profit from the production and sale of 5,230 cell phones.
$fill in the blank 1
b. Determine the product cost per unit for the production of 5,230 of cell phones. Round your answer to the nearest whole dollar.
$fill in the blank 2 per unit
c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places.
fill in the blank 3 %
d. Determine the selling price of cell phones. Round your answers to the nearest whole dollar.
| Total Cost | $fill in the blank 4per unit |
| Markup | fill in the blank 5per unit |
| Selling price | $fill in the blank 6per unit |
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