Help

Product Cost Concept of Product Pricing Mademoiselle Company produces women's handbags. The cost of producing 1,110 handbags is as follows: Direct materials $16,100 Direct labor 7.800 Factory overhead 5.500 Total manufacturing cost $29,400 The selling and administrative expenses are $29,000. The management desires a profit equal to 16% of invested assets of $502,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,110 handbags. b. Determine the product cost per unit for the production of 1,110 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