MyPhone, Inc., uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 4,870 units of cell phones are as follows: Variable costs:       Fixed costs:     Direct materials $64 per unit     Factory overhead $198,100   Direct labor 32       Selling and admin. exp. 71,000   Factory overhead 22           Selling and admin. exp. 19             Total variable cost per unit $137 per unit       MyPhone desires a profit equal to a 13% rate of return on invested assets of $601,800. a.  Determine the amount of desired profit from the production and sale of 4,870 units of cell phones. b.  Determine the product cost per unit for the production of 4,870 of cell phones. If required, round your answer to nearest dollar. c.  Determine the product cost markup percentage (rounded to two decimal places) for cell phones. d.  Determine the selling price of cell phones. Round to the nearest dollar. Total Cost $per unit Markup per unit Selling price $per unit

Product Cost Method of Product Costing MyPhone, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 5,000 cell phones are as follows: Variable costs per unit: Direct materials Direct labor Factory overhead Selling and administrative expenses Total variable cost per unit Fixed costs: Factory overhead $200,800 Selling and administrative expenses 69,000 MyPhone desires a profit equal to a 14% return on invested assets of $601,400. a. Determine the amount of desired profit from the production and sale of 5,000 cell phones. $70 34 25 21 $150 b. Determine the product cost per unit for the production of 5,000 cell phones. Round your answer to the nearest whole dollar. per unit c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. % d. Determine the selling price of cell phones. Round your answers to the nearest whole dollar. Total Cost Markup Selling price per unit per…

Calculate markup percentage using absorption-cost pricing and variable-cost pricing. E9.32 (LO 3, 4) Firefly Corporation produces outdoor portable fireplace units. The following cost information per unit is available: direct materials $21, direct labour $26, variable manufacturing overhead $16, fixed manufacturing overhead $22, variable selling and administrative expenses $9, and fixed selling and administrative expenses $15. The company's ROI per unit is $20. Instructions Calculate Firefly Corporation's markup percentage using (a) absorption-cost pricing and (b) variable-cost pricing.

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