Product Cost Concept of Product Pricing Mademoiselle Company produces women's handbags. The cost of producing 1,160 handbags is as follows:

Direct materials $16,500

Direct labor 8,100

Factory overhead 6,100

Total manufacturing cost $30,700

The selling and administrative expenses are $28,700. The management desires a profit equal to 16% of invested assets of $502,000. If required, round your answers to nearest whole number.

a. Determine the amount of desired profit from the production and sale of 1,160 handbags. $

b. Determine the product cost per unit for the production of 1,160 handbags. $ per unit

c. Determine the product cost markup percentage for handbags. %

d.

1.Determine the selling price of handbags.

2.Round your answers to nearest whole value.

3.Cost $ per unit Markup $ per unit Selling price $ per unit