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Mademoiselle Company produces women's handbags. The cost of producing 1,140 handbags is as follows: Direct materials $15,900 Direct labor 7,400 Factory overhead 6,500 Total manufacturing

Mademoiselle Company produces women's handbags. The cost of producing 1,140 handbags is as follows:

Direct materials $15,900
Direct labor 7,400
Factory overhead 6,500
Total manufacturing cost $29,800

The selling and administrative expenses are $28,300. The management desires a profit equal to 17% of invested assets of $503,000.

If required, round your answers to nearest whole number.

a. Determine the amount of desired profit from the production and sale of 1,140 handbags. $

b. Determine the product cost per unit for the production of 1,140 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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