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 $18,000 Direct labor 8,500 Factory overhead 5,500 Total manufacturing cost $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 per unit $ Markup per unit per unit Selling price Accepting Business at a Special Price Power Serve Company expects to operate at 90% of productive capacity during May. The total manufacturing costs for May for the production of 32,400 batteries are budgeted as follows: Direct materials Direct labor $290,800 106,900 29,980 Variable factory overhead Fixed factory overhead 60,000 Total manufacturing costs $487,680 The company has an opportunity to submit a bid for 2,000 batteries to be delivered by May 31 to a government agency. If the contract is obtained, it is anticipated that the additional activity will not interfere with normal production during May or increase the selling or administrative expenses. What is the unit cost below which Power Serve Company should not go in bidding on the government contract? Round your answer to two decimal places. per unit