Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,210 handbags is as follows: Direct materials $17,000 Direct labor 8,100 Factory overhead 6,300 Total manufacturing cost $31.400 The selling and administrative expenses are $27,800. The management desires a profit equal to 16% 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 1,210 handbags 30,320 b. Determine the product cost per unit for the production of 1,210 handbags 26 per unit c. Determine the product cost markup percentage for handbags 255 X d. Determine the selling price of handbags. Round your answers to nearest whole value 26 per unit Cost Markup 704 X per unit Selling price per unit Basic Motor Corporation uses target costingAssume that Basic marketing personnel estimate that the competitive selling price for the QuikCar in the upcoming model year will need to be $23,700. Assume further that the Quikcar's total unit cost for the upcoming model year is estimated to be $19,900 and that Basic requires a 20% profit margin on selling price (which is equivalent to a 25% markup on total cost), a. What price will Basic establish for the QuikCar for the upcoming model year