Product Cost Concept of Product Pricing Mademoiselle Company produces women's handbags. The cost of producing 1,280 handbags is as follows: Direct materials Direct labor Factory overhead Total manufacturing cost $16,000 7,900 6,300 $30,200 The selling and administrative expenses are $28,700. The management desires a profit equal to 18% of invested assets of $496,C If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,280 handbags. 89,280 b. Determine the product cost per unit for the production of 1,280 handbags. 24 per unit c. Determine the product cost markup percentage for handbags. 295.6 % d. Determine the selling price of handbags. Round your answers to nearest whole value. Cost per unit Markup $ per unit Selling price per unit