Question
La Mujer Accessories Inc. produces womens handbags. The cost of producing 1,220 handbags is as follows: Direct materials $14,400 Direct labor 8,800 Factory overhead 6,500
La Mujer Accessories Inc. produces womens handbags. The cost of producing 1,220 handbags is as follows: Direct materials $14,400 Direct labor 8,800 Factory overhead 6,500 Total manufacturing cost $29,700 The selling and administrative expenses are $27,900. The management wants a profit equal to 18% of invested assets of $501,000. If required, round your answers to nearest whole number.
a. Determine the amount of desired profit from the production and sale of 1,220 handbags. $fill in the blank 1 90,180
b. Determine the product cost per unit for the production of 1,220 handbags. $fill in the blank 2 24 per unit
c. Determine the product cost markup percentage for handbags. fill in the blank 3 %
d. Determine the selling price of handbags. Cost $fill in the blank per unit Markup fill in the blank per unit Selling price $fill in the blank per unit.
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