Product Cost Method of Product Pricing
La Femme Accessories Inc. produces women's handbags. The cost of producing 1,100 handbags is as follows:
|Total manufacturing cost||$28,400|
The selling and administrative expenses are $28,700. The management desires a profit equal to 14% of invested assets of $498,000.
If required, round your answers to nearest whole number.\
Determine the selling price of handbags. Round your answers to nearest whole value.
|Selling price||$per unit|