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La Femme Accessories Inc. produces women's handbags. The cost of producing 1,250 handbags is as follows: Direct materials $16,700 Direct labor 7,500 Factory overhead 6,400
La Femme Accessories Inc. produces women's handbags. The cost of producing 1,250 handbags is as follows: Direct materials $16,700 Direct labor 7,500 Factory overhead 6,400 Total manufacturing cost $30,600 The selling and administrative expenses are $27,400. The management desires a profit equal to 15% of invested assets of $495,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,250 handbags. $ b. Determine the product cost per unit for the production of 1,250 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 per unit Markup Selling price per unit
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