Product Cost Concept of Product Pricing Mademoiselle Company produces women's handbags. The cost of producing 1,300 handbags is as follows: Direct materials $15,900 Direct labor 7,900 Factory overhead 5,800 Total manufacturing cost $29,600 The selling and administrative expenses are $26,500. The management desires a profit equal to 18% of invested assets of $504,000. If required, round your answers to nearest whole number.

a. Determine the amount of desired profit from the production and sale of 1,300 handbags.

-$ 90,720

b. Determine the product cost per unit for the production of 1,300 handbags.

-$ 23 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 $ 23 per unit

Markup ___$ per unit

Selling price ___$ per unit