Show Me How Question Content Area Product Cost Concept of Product Pricing La Mujer Accessories Inc. produces womens handbags. The cost of producing 1,300 handbags is as follows: Direct materials $16,900 Direct labor 7,800 Factory overhead 5,600 Total manufacturing cost $30,300 The selling and administrative expenses are $28,000. The management wants a profit equal to 15% 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 1,300 handbags. $fill in the blank 1 b. Determine the product cost per unit for the production of 1,300 handbags. $fill in the blank 2 per unit c. Determine the product cost markup percentage for handbags. fill in the blank 3 % d. Determine the selling price of handbags. Cost $fill in the blank 4 per unit Markup fill in the blank 5 per unit Selling price $fill in the blank 6 per unit