Product Cost Concept of Product Pricing La Mujer Accessories Inc. produces women's handbags. The cost of producing 1,160 handbags is as follows: Direct materials Direct labor Factory overhead Total manufacturing cost The selling and administrative expenses are $27,400. The management wants 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 1,160 handbags. $ 85,170 $16,500 7,600 5,600 $29,700 b. Determine the product cost per unit for the production of 1,160 handbags. $ 25.69 X per unit c. Determine the product cost markup percentage for handbags. 286.49 X % d. Determine the selling price of handbags. 25.69 X per unit 97.12 X per unit 122.81 X Cost Markup Selling price $ per unit

Product Cost Concept of Product Pricing La Mujer Accessories Inc. produces women's handbags. The cost of producing 1,160 handbags is as follows: The selling and administrative expenses are $27,400. The management wants 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 1,160 handbags. 4 b. Determine the product cost per unit for the production of 1,160 handbags. Xperunit c. Determine the product cost markup percentage for handbags. % d. Determine the selling price of handbags. Cost x per unit Markup X per unit Selling price per unit