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361600 "Voice Com Inc uses the product cost concept of applying the costplus approach to product pricing The costs of producing and selling 5260 units of cellular phones are as follows Variable costs Fixed costs Direct materials 62 per unit Factory overhead 200600 Direct labor 35 Selling and admin exp 72000 Factory overhead 25 Selling and admin exp 18 Total 140 per unit Voice Com desires a profit equal to a 15 rat" 4/28/2016 10:16 2

Voice Com, Inc., uses the product cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 5,260 units of cellular phones are as follows: Variable costs: Fixed costs: Direct materials $62 per unit Factory overhead $200,600 Direct labor 35 Selling and admin. exp. 72,000 Factory overhead 25 Selling and admin. exp. 18 Total $140 per unit Voice Com desires a profit equal to a 15% rate of return on invested assets of $600,300.

a. Determine the amount of desired profit from the production and sale of 5,260 units of cellular phones. $

b. Determine the cost amount per unit for the production of 5,260 units of 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 $ per unit Selling price $ per unit

Voice Com, Inc., uses the product cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 5,260 units of cellular phones are as follows: Variable costs: Fixed costs: Direct materials $62 per unit Factory overhead $200,600 Direct labor 35 Selling and admin. exp. 72,000 Factory overhead 25 Selling and admin. exp. 18 Total $140 per unit Voice Com desires a profit equal to a 15% rate of return on invested assets of $600,300.

a. Determine the amount of desired profit from the production and sale of 5,260 units of cellular phones. $

b. Determine the cost amount per unit for the production of 5,260 units of 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 $ per unit Selling price $ per unit

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