Product Cost Method of Product Pricing
La Femme Accessories Inc. produces women's handbags. The cost of producing 1,130 handbags is as follows:
Direct materials | $15,100 |
Direct labor | 7,100 |
Factory overhead | 6,400 |
Total manufacturing cost | $28,600 |
The selling and administrative expenses are $27,900. The management desires a profit equal to 14% 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 1,130 handbags.
$
b. Determine the product cost per unit for the
production of 1,130 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 | $per unit |
Markup | $per unit |
Selling price | $per unit |
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of...
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,130 handbags is as follows: Direct materials $17,000 Direct labor 7,100 Factory overhead 5,800 Total manufacturing cost $29,900 The selling and administrative expenses are $26,900. The management desires a profit equal to 15% 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 1,130 handbags. $...
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,130 handbags is as follows: Direct materials $15,700 Direct labor 8,100 Factory overhead 6,300 Total manufacturing cost $30,100 The selling and administrative expenses are $26,200. The management desires a profit equal to 17% of invested assets of $496,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,130 handbags. $...
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,300 handbags is as follows: Direct materials 006'STS 8,200 Direct labor Factory overhead 005'S Total manufacturing cost 009'62s The selling and administrative expenses are $28,100. 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 1,300 handbags....
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,300 handbags is as follows: Direct materials $15,900 Direct labor 8,200 Factory overhead 5,500 Total manufacturing cost $29,600 The selling and administrative expenses are $28,100. 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 1,300 handbags....
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 $14,400 Direct labor 8,300 Factory overhead 6,000 Total manufacturing cost $28,700 The selling and administrative expenses are $28,100. The management desires a profit equal to 14% of invested assets of $500,000. 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 b....
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,240 handbags is as follows: Direct materials $14,600 7,400 Direct labor Factory overhead 5,700 Total manufacturing cost $27,700 The selling and administrative expenses are $27,500. The management desires a profit equal to 18% of invested assets of $496,000. 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. ज...
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,200 handbags is as follows: Direct materials $16,800 Direct labor 8,900 Factory overhead 5,700 Total manufacturing cost $31,400 The selling and administrative expenses are $26,100. The management desires a profit equal to 14% of invested assets of $497,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,200 handbags. $...
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 $14,400 Direct labor 8,300 Factory overhead 6,000 Total manufacturing cost $28,700 The selling and administrative expenses are $28,100. The management desires a profit equal to 14% of invested assets of $500,000. 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. 70,000...
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,220 handbags is as follows: Direct materials Direct labor Factory overhead $15,600 8,100 6,000 Total manufacturing cost $29.700 The selling and administrative expenses are $28,100. The management desires a profit equal to 14% of invested assets of $504,000 If required, round your answers to nearest whole number a. Determine the amount of desired profit from the production and sale of 1,220 handbags $...
Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,110 handbags is as follows: Direct materials Direct labor $15,700 7,000 5,800 Factory overhead Total manufacturing cost $28,500 The selling and administrative expenses are $27.500. The management desires a profit equal to 15% of invested assets of $501.000. Frequired, round your answers to nearest whole number a. Determine the amount of desired profit from the production and sale of 1.110 handbags b. Determine...