Question: could you please help me answer this question. and show how to work out. thank you :) Product Cost Method of Product Pricing La Femme

could you please help me answer this question. and show how to work out. thank you :)could you please help me answer this question. and show how towork out. thank you :) Product Cost Method of Product Pricing La

Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,180 handbags is as follows: Direct materials Direct labor Factory overhead Total manufacturing cost The selling and administrative expenses are $26,000. The management desires a profit equal to 17% of invested assets of $503,000 If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,180 handbags. $16,600 7,600 5,500 $29,700 85,510 b. Determine the product cost per unit for the production of 1,180 handbags. 25 per unit c. Determine the product cost markup percentage for handbags

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