please show work so i understand how to do it ...

60.1K

Verified Solution

Question

Accounting

please show work so i understand how to do it
image
2. (20 points) La Femme Accessories Inc. produces women's handbags. The cost of producing 1,280 handbags is as follows: Direct materials $14,000 Direct labor 7,100 Factory overhead 6,300 Total manufacturing cost $27,400 The selling and administrative expenses are $27,500. The management desires a profit equal to 18% of invested assets of $501,000. a. What is the desired profit from the production and sale of 1,280 handbags? PUT THE ANSWER HERE b. What is the product cost per unit for the production of 1.280 handbags? PUT THE ANSWER HERE c. What is the product cost markup percentage for handbags? PUT THE ANSWER HERE

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students