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Sirhuds Inc. a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. Direct materials cost Direct labor cost Variable overhead cost Fixed overhead cost Variable selling and administrative expenses Fixed selling and administrative expenses Expected production (and sales) $ 132 per unit $ 62 per unit $ 40 per unit 5207,000 per year $ 19 per unit $ 200,000 per year 18,000 units per year Compute the target selling price per unit under absorption costing. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Per unit es Direct matenals Direct labor Variable overhead Fixed overhead Total product cost using absorption costing Target profit Target selling price