La Femme Accessories Inc. produces women's handbags. The cost of producing 800 handbags is as follows:

Line Item Description	Amount
Direct materials	$18,000
Direct labor	8,500
Factory overhead	5,500
Total manufacturing cost	$32,000

The selling and administrative expenses are $17,000. The management desires a profit equal to 22% of invested assets of $250,000.

a. Determine the amount of desired profit from the production and sale of 800 handbags.

b. Determine the product cost per unit for the production of 800 handbags.

c. Determine the product cost markup percentage for handbags.

d. Determine the selling price of handbags.

Line Item Description	Amount
Cost
Markup
Selling price