Exercise 22-3 Hannon Company makes swimsuits and sells these suits directly to retailers. Although Hannon has a variety of suits, it does not make the All-Body suit used by highly skilled swimmers. The market research department believes that a strong market exists for this type of suit. The department indicates that the All-Body suit would sell for approximately $113. Given its experience Hannon believes the All-Body suit would have the following manufacturing costs. $29 Direct materials Direct labor 31 Manufacturing overhead 49 Total costs 109 Assume that Hannon uses cost-plus pricing, setting the selling price 18% above its costs. What would be the price charged for the All swimsuit? (Round answer to 2 decimal places, e.g. 10.50) Selling price LINK TO TEXT Assume that Hannon uses target costing. What is the price that Hannon would charge the retailer for the All-Body swimsuit? selling price