Calculator Product Cost Concept of Product Pricing Mademoiselle Company produces women's handbags. The cost of producing 1,150 handbags is as follows: $14,400 Direct materials Direct labor 7,000 Factory overhead 6,500 Total manufacturing cost $27,900 The selling and administrative expenses are $27,200. The management desires a profit equal to 14% of invested assets of $502,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,150 handbags. b. Determine the product cost per unit for the production of 1,150 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 Markup per unit per unit per unit Selling price Previous N