Product Cost Concept of Product Pricing La Mujer Accessories Inc. produces women's handbags. The cost of producing 1,180 handbags is as follows: Direct materials $15,900 Direct labor 8,300 Factory overhead 6,500 Total manufacturing cost $30,700 The selling and administrative expenses are $28,000. The management wants a profit equal to 15% 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 1,180 handbags. b. Determine the product cost per unit for the production of 1,180 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