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La Femme Accessories Inc. produces women's handbags. The cost of producing 1,170 handbags is as follows: Direct materials$14,300 Direct labor8,300 Factory overhead6,200 Total manufacturing cost$28,800

La Femme Accessories Inc. produces women's handbags.

The cost of producing 1,170 handbags is as follows:

Direct materials$14,300

Direct labor8,300

Factory overhead6,200

Total manufacturing cost$28,800

The selling and administrative expenses are $28,000. The management desires a profit equal to 18% 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 1,170 handbags. $ ?

b. Determine the product cost per unit for the production of 1,170 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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