Mademoiselle Company produces women's handbags. The cost of producing 1,140 handbags is as follows: ...
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Accounting
Mademoiselle Company produces women's handbags. The cost of producing 1,140 handbags is as follows:
| Direct materials | $15,900 |
| Direct labor | 7,400 |
| Factory overhead | 6,500 |
| Total manufacturing cost | $29,800 |
The selling and administrative expenses are $28,300. The management desires a profit equal to 17% of invested assets of $503,000.
If required, round your answers to nearest whole number.
a. Determine the amount of desired profit from the production and sale of 1,140 handbags. $
b. Determine the product cost per unit for the production of 1,140 handbags. $per unit
c. Determine the product cost markup percentage for handbags. %
d. Determine the selling price of handbags. Round your answers to nearest whole value.
| Cost | $per unit |
| Markup | $per unit |
| Selling price | $per unit |
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