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 $18,000 8,500 Factory overhead Total manufacturing cost 5,500 $32,000 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. $ b. Determine the product cost per unit for the production of 800 handbags. c. Determine the product cost markup percentage for handbags. % d. Determine the selling price of handbags. Cost Markup Selling price $ per unit S per unit per unit