Product Cost Concept of Product Pricing La Mujer Accessories Inc. produces women's handbags. The cost of producing 1,250 handbags is as follows: Direct materials $14,900 Direct labor 8,500 Factory overhead 5,800 Total manufacturing cost $29,200 The selling and administrative expenses are $26,700. The management wants a profit equal to 15% of invested assets of $503,000. 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. $ 75,450 b. Determine the product cost per unit for the production of 1,250 handbags. 23.36 X per unit c. Determine the product cost markup percentage for handbags. 349 X % d. Determine the selling price of handbags. Cost 23.36 X per unit Markup 81.72 X per unit Selling price 105.08 X per unit Feedback Check My Work