Product Cost Concept of Product Pricing

Mademoiselle Company produces women's handbags. The cost of producing 1,240 handbags is as follows:

Direct materials	$15,800
Direct labor	8,100
Factory overhead	5,700
Total manufacturing cost	$29,600

The selling and administrative expenses are $27,700. The management desires a profit equal to 18% of invested assets of $495,000.

Product Cost Concept of Product Pricing Mademoiselle Company produces women's handbags. The cost of producing 1,240 handbags is as follows: Direct materials Direct labor Factory overhead Total manufacturing cost The selling and administrative expenses are $27,700. The management desires a profit equal to 18% of invested assets of $495,000 If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,240 handbags. $15,800 8,100 5,700 $29,600 b. Determine the product cost per unit for the production of 1,240 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 Piarlcup Selling price per unit per unit per unit