Product Cost Concept of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1, 160 handbags is as follows: Direct materials $16,800 Direct labor 7,200 Factory overhead 6,100 Total manufacturing cost $30,100 The selling and administrative expenses are $26,600. The management wants a profit equal to 16% of invested assets of $495,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,160 handbags. If required, round your answers to nearest whole number. 79,200 b. Determine the product cost per unit for the production of 1,160 handbags. 26 v per unit c. Determine the product cost markup percentage for handbags. X % d. Determine the selling price of handbags. Round your answers to nearest whole value. Cost 26 per unit Markup X per unit Selling price $ X per unit