Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,100 handbags is as follows: Direct materials $14,600 Direct labor 7,400 Factory...

Product Cost Method of Product Pricing

La Femme Accessories Inc. produces women's handbags. The cost of producing 1,100 handbags is as follows:

The selling and administrative expenses are $28,700. The management desires a profit equal to 14% of invested assets of $498,000.

If required, round your answers to nearest whole number.

a.Determine the amount of desired profit from the production and sale of 1,100 handbags.
$

b.Determine the product cost per unit for the production of 1,100 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.