Product Cost Concept of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,250 handbags is as follows: Direct materials $16,800 Direct labor 7,100 Factory overhead 5,700 Total manufacturing cost $29,600 The selling and administrative expenses are $28,000. 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 1,250 handbags. If required, round your answers to nearest whole number. 79,200 b. Determine the product cost per unit for the production of 1,250 handbags. 24 per unit C. Determine the product cost markup percentage for handbags. 362 % d. Determine the selling price of handbags. Round your answers to nearest whole value. Cost 24 per unit Markup 86 X per unit Selling price 109 X per unit