Business, 24.04.2020 16:53 Redeyestudio53

Smart Stream Inc. uses the product cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 10,000 cellular phones are as follows: Variable costs per unit: Fixed costs: Direct materials $150 Factory overhead $350,000 Direct labor 25 Selling and admin. exp. 140,000 Factory overhead 40 Selling and administrative expenses 25 Total $240 Smart Stream wants a profit equal to a 30% rate of return on invested assets of $1,200,000. a. Determine the amount of desired profit from the production and sale of 10,000 cellular phones. If required, round your answer to nearest dollar. $ b. Determine the product cost and the cost amount per unit for the production of 10,000 cellular phones. If required, round your answer to nearest dollar. $ per unit c. Determine the product cost markup percentage for cellular phones. % d. Determine the selling price of cellular phones. Round to the nearest dollar. Cost $ per unit Markup Selling price $ per unit

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