24. The management of Musselman Corporation would like to set the selling price on a new product using the absorption costing approach to cost-plus pricing. The company's accounting department has supplied the following estimates for the new product: Per Unit Per Year Direct materials RM 27 Direct labor RM 16 Variable manufacturing overhead RM 8 Fixed annual manufacturing overhead RM 216,000 Variable selling and administrative expenses RM 3 Fixed annual selling and administrative expenses RM 72,000 Management plans to produce and sell 9,000 units of the new product annually. The new product would require an investment of RM1,305,000 and has a required return on investment of 10%. The absorption costing unit product cost is: A. RM51 B. RM54 I C. RM75 D. RM86