Exercise 4-42 Target Costing and Pricing (LO 4-3) Domingo Corporation makes a variety of headphones with logos. The company has discovered a new market for wireless headphones with logos. Market research indicates that these headphones would sell well in the market priced at $46.80 each. Domingo desires an operating profit of 20 percent of costs. Required: What is the highest acceptable manufacturing cost for which Domingo would be willing to produce the headphones? (Round your answer to 2 decimal places.) Highest acceptable manufacturing costs