Cell plus inc uses the net cost concept of applying the

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Reference no: EM13352077

Cell Plus Inc. uses the net cost concept of applying the cost-plus approach to product pricing. The cost of selling and producing 5,000 units of cellular phones are as given:

Variable Costs: Fixed Costs:

Direct Materials $125 per unit Factory Overhead $215,000

Direct Labor 45 Selling and admin exp. 75,000

Factory Overhead 40 Selling & admin exp 30

Total $240 per unit

A. Cell Plus uses the product cost idea of applying the cost-plus method to product pricing.

Evaluate the cost amount per unit and total manufacturing costs for the production and sale of 5,000 units of cellular phones.
Evaluate the product cost markup percentage rounded to two decimal places for cellular phones.
Evaluate the selling price of cellular phones.

B. Cell Plus uses the variable cost idea of applying the cost-plus method to product pricing.

Evaluate the variable costs and the cost amount per unit for the production and sale of 5,000 units of cellular phones.
Evaluate the variable cost markup percentage rounded to two decimal places for cellular phones.
Evaluate the selling price of cellular phones.

Reference no: EM13352077

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