Exercise 22-3 Leno Company makes swimsuits and sells these suits directly to retailers. Although Leno 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 sult. The department indicates that the All-Body suit would sell for approximately $110. Given its experience, Leno believes the All-Body suit would have the following manufacturing costs. Direct materials Direct labor Manufacturing overhead Total costs $30 34 45 $109 Assume that Leno uses cost-plus pricing, setting the selling price 24% above its costs. What would be the price charged for the All-Body swimsuit? (Round answer to 2 decimal places, e.g. 10.50.) Selling price.si Assume that Leno uses target costing. What is the price that Leno would charge the retailer for the All-Body swimsuit? Selling prices What is the highest acceptable manufacturing cost Leno would be willing to incur to produce the AllBody swimsuit, if it desired a profit of $20 per unit? (Assume target costing.) Target costs