Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,150 handbags is as follows: Direct materials $14,000 Direct labor 8,100 Factory overhead 5,800 Total manufacturing cost $27,900 The selling and administrative expenses are $26,000. The management desires a profit equal to 17% of invested assets of $500,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,150 handbags. 85,000 S b. Determine the product cost per unit for the production of 1,150 handbags. 24.26 X per unit C. Determine the product cost markup percentage for handbags. 3.97 x % d. Determine the selling price of handbags. Round your answers to nearest whole value. Cost $ Markup $ 24.26 x per unit 96.31 x per unit 120.57 X per unit Selling price