Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,300 handbags is as follows:

Direct materials $16,000 Direct labor 8,500 Factory overhead 6,400 Total manufacturing cost $30,900 The selling and administrative expenses are $28,600. 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 1,300 handbags. S b. Determine the product cost per unit for the production of 1,300 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 per unit Selling price per unit