Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,100 handbags is as follows: Direct materials $14,600 Direct labor 8,900 Factory overhead 5,500 Total manufacturing cost $29,000 The selling and administrative expenses are $28,700. The management desires a profit equal to 16% of invested assets of $498,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,100 handbags. b. Determine the product cost per unit for the production of 1,100 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