(Appendix 12A) Cost data relating to the single product produced by the Jones Company are given below Per unit Total per year Sie Direct materials Direct labour Variable Manufacturing overhead Fixed manufacturing overhead Variable selling, general, and administrative expense Fixed selling, general, and administrative expese $140,be 180,09 The Jones Company uses the absorption costing approach with a desired markup of 60% If the company plans top 20,000 units each year, what would be the target selling price per unit? Multiple Choice $43.20 Next