Product Cost Concept of Product Pricing La Mujer Accessories Inc. produces women's handbags. The cost of producing 1,200 handbags is as follows: Direct materials $14,300 Direct labor 9,000 Factory overhead 5,900 Total manufacturing cost $29,200 The selling and administrative expenses are $27,500. The management wants 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 1,200 handbags. b. Determine the product cost per unit for the production of 1,200 handbags. per unit c. Determine the product cost markup percentage for handbags. % d. Determine the selling price of handbags. Cost per unit Markup per unit Selling price per unit