Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost...
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Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,100 handbags is as follows: Direct materials $15,900 Direct labor 8,400 Factory overhead 6,000 Total manufacturing cost $30,300 The selling and administrative expenses are $28,800. The management desires a profit equal to 17% of invested assets of $505,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,100 handbags. b. Determine the product cost per unit for the production of 1,100 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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