Voice Com, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 4,840 cell phones are as follows: Variable costs per unit: Fixed costs: Direct materials $76 Factory overhead $199,800 Direct labor 34 Selling and administrative expenses 69,900 Factory overhead 22 Selling and administrative expenses 23 Total variable cost per unit $155 Voice Com desires a profit equal to a 16% rate of return on invested assets of $599,700. a. Determine the amount of desired profit from the production and sale of 4,840 cell phones. b. Determine the product cost per unit for the production of 4,840 of cell phones. Round your answer to the nearest whole dollar. per unit c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. %

Define yield.

c. Explain the relationship between contango, cost-of-carry, and convenience yield. d. Explain the relationship between backwardation, cost-of-carry, and convenience yield.

Define target full product cost.

Cost-volume-profit analysis is used to make many decisions, including product pricing and controlling costs. What assumptions are used in cost-volume-profit analysis?

Describe factors for measuring cost allocation.