Answer Happy

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 5,370 units of cell phones are as follows:
Voice Com desires a profit equal to a 15% rate of return on
invested assets of $599,300.
a. Determine the amount of desired profit
from the production and sale of 5,370 units of cell phones.
$fill in the blank 1
b. Determine the product cost per unit
for the production of 5,370 of cell phones. If required, round your
answer to nearest dollar.
$fill in the blank 2 per unit
c. Determine the product cost markup
percentage (rounded to two decimal places) for cell phones.
fill in the blank 3 %
d. Determine the selling price of cell
phones. Round to the nearest dollar.