16. Tower cong Chrowbed the bebe 34.000 euro Coryling in to be 0.30 000 162 16. Magner, Inc., uses the absorption costing approach to cost-plus pricing described in the text to set prices for its products. Based on budgeted sales of 34,000 units next year, the unit product cost of a particular product is $61.80. The company's selling and administrative expenses for this product are budgeted to be $809.200 in total for the year. The company has invested $400,000 in this product and expects a retum on Investment of 9% The selling price for this product based on the absorption costing approach would be closest to O $120,03 O $67.36 O $85.60 O $86.66