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What is the product selling price

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Reference no: EM133183858

Question - The cost of producing 1000 handbags is follows:

Direct materials: $18,500

Direct labor: $10,500

Factory overhead: $6,500

Selling and administrative: $18,000

Management desires a profit of 20% of invested capital of $260,000

Required - What is the product selling price?

Reference no: EM133183858

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