(Appendix 12A) Magner, Inc. uses the absorption costing approach to cost-plus pricing to set prices for its products. Based on budgeted sales of 34,000 units next year, the unit product cost of a particular product is $61.80. The company's selling, general, and administrative expenses for this product are budgeted to be $809,200 in total for the year. The company has invested $400,000 in this product and expects a return on investment of 9%. The target selling price for this product based on the absorption costing approach would be closest to which of the following? Multiple Choice $67.36 $85.60 586.06 $120.03