Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,270 handbags is as follows: Direct materials Direct labor Factory overhead Total manufacturing cost $30,500 The selling and administrative expenses are $28,200. The management desires a profit equal to 14% of invested assets of $496,000 $16,600 7.900 6,000 If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,270 handbags 69,4 b. Determine the product cost per unit for the production of 1,270 handbags. 24 per unit c. Determine the product cost markup percentage for handbags. d. Determine the seling price of handbags. Round your answers to nearest whole value. Cost Markup Seling price per unit per unit per unit Fedback Chack My Work a. Multiply the desired profit percentage by the desired amount (invested assets) b. Divide the total manufacturing costs by the number of units produced c. Divide the desired profit plus the selling and administrative expenses by the total manufacturing cost d. Add cost (b) and mark-up [(c) x (b)