es Exercise 19-11 Absorption costing and product pricing LO P4 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 Direct labor cost Variable overhead cost Fixed overhead cost 112 per unit $ 42 per unit $ 20 per unit $247,000 per year $ 9 per unit $150,000 per year 38,000 units per year. Variable selling and administrative expenses Fixed selling and administrative expenses Expected production (and sales) Compute the target selling price per unit under absorption costing. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Direct materials Drect labor Variable overhead Faed overhead Total product cost using absorption costing Target profe Target selling price Per unit