A manufacturer reports the information below for three recent years.

	Year 1			Year 2			Year 3
Variable costing income	$	120,500		$	125,600		$	127,700
Beginning finished goods inventory (units)		0			1,550			1,050
Ending finished goods inventory (units)		1,550			1,050			1,150
Fixed manufacturing overhead per unit	$	3.80		$	3.80		$	3.80

Compute income for each of the three years using absorption costing. Year 1Year 2Year 3Absorption costing income

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	$	118	per unit
Direct labor cost	$	48	per unit
Variable overhead cost	$	26	per unit
Fixed overhead cost	$	256,000	per year
Variable selling and administrative expenses	$	12	per unit
Fixed selling and administrative expenses	$	165,000	per year
Expected production (and sales)		32,000	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
Direct materials
Direct labor
Variable overhead
Fixed overhead
Total product cost using absorption costing	$0.00
Target profit
Target selling price	$0.00