Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,220 handbags is as follows: Direct materials $15,600 Direct labor 8,100 6,000 Factory overhead Total manufacturing cost $29,700 The selling and administrative expenses are $28,100. The management desires a profit equal to 14% 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 1,220 handbags b. Determine the product cost per unit for the production of 1,220 handbags. per unit c. Determine the product cost markup percentage for handbags 9% d. Determine the selling price of handbags. Round your answers to nearest whole value. Cost Markup $ per unit per unit per unit Selling price Variable Cost Method of Product Pricing Smart Stream Inc. produces and sells cell phones. The costs of producing and selling 8,000 units of cell phones are as follows: Variable costs: Fixed costs: Direct materials $85 per unit Factory overhead $447,200 Direct labor 39 Selling and admin. exp. 157,150 Factory overhead 26 Selling and admin. exp. Total variable cost per unit $170 per unit Smart Stream Inc. desires a profit equal to a 15% rate of return on invested assets of $595,000. Assume that Smart Stream Inc. uses the variable cost method of applying the cost.plus approach to product pricing. a. Determine the variable costs and the variable cost amount per unit for the production and sale of 8,000 units of cellular phor Total variable cost Variable cost amount per unit b. Determine the variable cost markup percentage for cellular phones. c. Determine the selling price of cellular phones. Round to the nearest cent. per cellular phone