Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,230 handbags is as follows: Direct materials Direct labor Factory overhead Total manufacturing cost $16,600 8,400. 6,200 $31,200 The selling and administrative expenses are $27,300. The management desires a profit equal to 17% of invested assets of $502,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,230 handbags. 85,340 b. Determine the product cost per unit for the production of 1,230 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 Markup Selling price 25 per unit per unit per unit Feedback Check My Work a. Multiply the desired profit percentage by the desired amount (invested assets). Nove