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Parisian Accessories Inc. produces women's handbags. The cost of producing 800 handbags is as follows: The selling and administrative expenses are $24,000. The management desires
Parisian Accessories Inc. produces women's handbags. The cost of producing 800 handbags is as follows: The selling and administrative expenses are $24,000. The management desires a profit equal to 15% of invested assets of $200,000. Determine the amount of desired profit from the production and sale of 800 handbags. $ Determine the product cost per unit for the production of 800 handbags. $ Determine the product cost markup percentage for handbags. % Determine the selling price of handbags. Round your answers to two decimal places, if necessary. Cost $ per unit Markup $ per unit Selling price $ per unit
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