Business, 22.08.2021 06:40 pretti78

Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,170 handbags is as follows:
Direct materials $16,400
Direct labor 8,500
Factory overhead 6,500
Total manufacturing cost $31,400
The selling and administrative expenses are $26,000. The management desires 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 1,170 handbags.

b. Determine the product cost per unit for the production of 1,170 handbags.

c. Determine the product cost markup percentage for handbags.

d. Determine the selling price of handbags. Round your answers to nearest whole value.
Cost:
Markup:
Selling price:

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 20:30

Max fischer is a beekeeper. his annual group insurance costs 11,700. his employer pays 60% of the cost. how much does max pay semimonthly for it?

Answers: 1

Answer

Business, 22.06.2019 16:00

Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?

Answers: 3

Answer

Business, 22.06.2019 20:10

Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.

Answers: 1

Answer

Business, 22.06.2019 20:10

Russell's is considering purchasing $697,400 of equipment for a four-year project. the equipment falls in the five-year macrs class with annual percentages of .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. at the end of the project the equipment can be sold for an estimated $135,000. the required return is 13.2 percent and the tax rate is 23 percent. what is the amount of the aftertax salvage value of the equipment assuming no bonus depreciation is taken

Answers: 2

Answer

You know the right answer?

Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The co...

Questions