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La Femme Accessories Inc. produces women's handbags. The cost of producing 1,180 handbags is as follows: Direct materials $15,500 Direct labor 7,900 Factory overhead 6,300

La Femme Accessories Inc. produces women's handbags. The cost of producing 1,180 handbags is as follows:

Direct materials $15,500
Direct labor 7,900
Factory overhead 6,300
Total manufacturing cost $29,700

The selling and administrative expenses are $26,700. The management wants a profit equal to 14% 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 1,180 handbags. If required, round your answers to nearest whole number. $fill in the blank 1

b. Determine the product cost per unit for the production of 1,180 handbags. $fill in the blank 2per unit

c. Determine the product cost markup percentage for handbags. fill in the blank 3 %

d. Determine the selling price of handbags. Round your answers to nearest whole value.

Cost $fill in the blank 4 per unit
Markup fill in the blank 5 per unit
Selling price $fill in the blank 6 per unit

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