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Determine the product cost per unit for the production

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Question - 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 4,680 units of cell phones are as follows:

Variable costs: Fixed costs: Direct materials $77per unit

Factory overhead $199,900

Direct labor 35

Selling and admin. exp. 70,200

Factory overhead 25

Selling and admin. exp. 23

Total variable cost per unit $160 per unit

Voice Com desires a profit equal to a 16% rate of return on invested assets of $601,500.

a. Determine the amount of desired profit from the production and sale of 4,680 units of cell phones.

b. Determine the product cost per unit for the production of 4,680 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.

Reference no: EM132838264

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