Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 800 handbags is as follows: Direct materials Direct labor Factory overhead Total manufacturing cost The selling and administrative expenses are $17,000. The management desires a profit equal to 22% of invested assets of $250,000. a. Determine the amount of desired profit from the production and sale of 800 handbags. $18,000 8,500 5,500 $32,000 b. Determine the product cost per unit for the production of 800 handbags. Round your answer to two decimal places. c. Determine the product cost markup percentage for handbags d. Determine the selling price of handbags. Round your answers to two decimal places, if necessary. Cost Markup Selling price per unit per unit per unit