Fast Buck Corporation needs to set a target price for its newly designed product EverRun. The following data relate to this new product:

		Per Unit		Total
Direct materials		$18
Direct labour		38
Variable manufacturing overhead		10
Fixed manufacturing overhead				$1,200,000
Variable selling and administrative expenses		4
Fixed selling and administrative expenses				960,000

The costs above are based on a budgeted volume of 80,000 units produced and sold each year. Fast Buck uses cost-plus pricing to set its target selling price. Because some managers prefer the absorption-cost approach and others prefer the variable-cost approach, the accounting department provides information under both approaches, using a markup of 50% on the manufacturing cost per unit and a markup of 75% on the variable cost.

Calculate the target price for one unit of EverRun using the absorption-cost approach. (Round answer to 2 decimal places, e.g. 15.25.)

Target selling price

$ ?

Calculate the target price for one unit of EverRun using the variable-cost approach. (Round answer to 2 decimal places, e.g. 15.25.)

Target selling price

$ ?