1. A company has determined that its product has the following costs:

   Direct materials $32

   Direct labor $18

   Variable overhead $4

   Fixed overhead $3

   Variable selling $2

   Fixed selling $5

   The company uses a variable costing (or incremental) approach and has determined that its markup should be 18%. What is the unit selling price?

   	a.	$63.72
   	b.	$75.52
   	c.	$66.08
   	d.	$67.26