Product Cost Method of Product Pricing La Femme Accessories Inc. produces women's handbags. The cost of producing 1,290 handbags is as follows: Direct materials $15,300 Direct labor 8,000 Factory overhead 6,300 Total manufacturing cost $29,600 The selling and administrative expenses are $26,100. The management desires a profit equal to 17% of invested assets of $499,000. If required, round your answers to nearest whole number. a. Determine the amount of desired profit from the production and sale of 1,290 handbags. 84,830 b. Determine the product cost per unit for the production of 1,290 handbags. 23 per unit c. Determine the product cost markup percentage for handbags. 375 %