(Appendix 12A) Kircher, Inc manufactures a product with the following costs: The company uses the absorption costing approach to cost-plus pricing. The pricing calculations are based on budgeted production and sales of 81,000 units per year. The company has invested $220,000 in this product and expects a return on investment of 15%. The target seling price based on the absorption costing approach would be closest to which of the following? Multiple Choice $7231 $93.67 57190 553.29