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:

Jimmy's delicatessen sells large tins of tom tucker's toffee. the deli uses a periodic review system, checking inventory levels every 88 days, at which time an order is placed for more tins. order lead time is 22 days. daily demand is a constant 1515 tins, so average demand during the reorder period and order lead time (1010 days) is 150150 tins. draw a sawtooth diagram. assume that the beginning inventory level is equal to the restocking level and the desired service level is 99.9%. what is the safety stock level? (hint: look at the formula for calculating restocking level.) what is the average inventory level? the safety stock level is average inventory level is __chart: time (10,20,30), tins (0,150) lines touching both axisthe safety stock level is 0 tinsthe average inventory level is 75 tins