$2060 per unit 12. EX.24-16.ALGO (Algorithmic) 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 $15,900 Direct labor 8,000 Factory overhead 5,600 Total manufacturing cost $29,500 The selling and administrative expenses are $27,100. The management desires a profit equal to 16% 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 1,180 handbags. $ 80,480 b. Determine the product cost per unit for the production of 1,180 handbags. $ 25 per unit c. Determine the product cost markup percentage for handbags. 365 % d. Determine the selling price of handbags. Round your answers to nearest whole value. $25 Markup $ Selling price $ per unit per unit per unit