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Mademoiselle Company produces women's handbags. The cost of producing 1,260 handbags is as follows: Direct materials Direct labor Factory overhead Total manufacturing cost The selling
Mademoiselle Company produces women's handbags. The cost of producing 1,260 handbags is as follows: Direct materials Direct labor Factory overhead Total manufacturing cost The selling and administrative expenses are $27,100. The management desires a profit equal to 17% 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 1,260 handbags $14,200 8,700 5,600 $28,500 85,170 V b. Determine the product cost per unit for the production of 1,260 handbags X 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 Markup Selling price 23 per unit X per unit X per unit
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