EX 25-17 Product cost concept of product pricing OBJ. 2 La Mujer Accessories Inc. produces women's handbags. The cost of producing 1,400 hand- bags is as follows: Direct materials $ 87,100 Direct labor 40,600 Factory overhead 26,300 Total manufacturing cost $154,000 (Continued)The selling and administrative expenses are $33,500. The management wants a profit equal to 26% of invested assets of $345,000. a. Determine the amount of desired profit from the production and sale of 1,400 handbags. b. Determine the product cost per unit for the production of 1,400 handbags. c. Determine the product cost markup percentage for handbags. d. Determine the selling price of handbags