Financial and Managerial Accounting: E25-17 Based on the data presented in Exercise 25-15

Financial and Managerial Accounting 

E25-17 Variable cost concept of product pricing 
Based on the data presented in Exercise 25-15, assume that Sirrus Phone Company uses the variable cost concept of applying the cost-plus approach to product pricing. 

Instruction: 
a. Determine the variable costs and the cost amount per unit for the production and sale of 3,500 units of mobile phones. 
b. Determine the markup percentage (rounded to two decimal places) for mobile phones 
c. Determine the selling price of mobile phones. Round to the nearest dollar.
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