Product Cost Concept of Product Pricing Mademoiselle Company produces women's handbags. The cost of producing 1,260 handbags is as follows: Direct materials $16,600 Direct labor 8,800 Factory overhead 6,100 Total manufacturing cost $31,500 The selling and administrative expenses are $27,800. The management desires a profit equal to 16% of invested assets of $505,000 If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,260 handbags. $ b. Determine the product cost per unit for the production of 1,260 handbags. per unit c. Determine the product cost markup percentage for handbags. % d. Determine the selling price of handbags. Round your answers to nearest whole value. Cost per unit Factory overhead 6,100 Total manufacturing cost $31,500 The selling and administrative expenses are $27,800. The management desires a profit equal to 16% of invested assets of $505,000. hors If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,260 handbags. b. Determine the product cost per unit for the production of 1,260 handbags. per unit c. Determine the product cost markup percentage for handbags % d. Determine the selling price of handbags. Round your answers to nearest whole value. Cost per unit Markup Selling price per unit per unit Type here to search o DI