Product Cost Concept of Product Pricing La Mujer Accessories Inc. produces women's handbags. The cost of producing 1,100 handbags is as follows: The selling and administrative expenses are $26,500. The management wants a profit equal to 18% of invested assets of $500,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,100 handbags. b. Determine the product cost per unit for the production of 1,100 handbags. per unit c. Determine the product cost markup percentage for handbags. x% d. Determine the selling price of handbaqs. Feed back Check My Work a. Multiply the desired profit percentage by the desired amount (invested assets). b. Divide the total manufacturing costs by the number of units produced. c. Divide the desired profit plus the selling and administrative expenses by the total manufacturing cost. d. Add cost (b) and markup [(c) (b)]. Product Cost Concept of Product Pricing La Mujer Accessories Inc. produces women's handbags. The cost of producing 1,100 handbags is as follows: The selling and administrative expenses are $26,500. The management wants a profit equal to 18% of invested assets of $500,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,100 handbags. b. Determine the product cost per unit for the production of 1,100 handbags. per unit c. Determine the product cost markup percentage for handbags. x% d. Determine the selling price of handbaqs. Feed back Check My Work a. Multiply the desired profit percentage by the desired amount (invested assets). b. Divide the total manufacturing costs by the number of units produced. c. Divide the desired profit plus the selling and administrative expenses by the total manufacturing cost. d. Add cost (b) and markup [(c) (b)]