Hoops incorporated sells basketballs. Each basketball requires direct materials of $17.50, direct labor of $11.00, variable overhead of $12.00, and variable selling, general, and administrative costs of $9.50. The company has fixed overhead of $64,000 and fixed selling. general, and administrative costs of $71,000. The company has a target profit of $65,000. It expects to produce and sell 20,000 basketballs. The selling price per unit under the variable cost method is: Multiple Choice $40.00. $50.00. $60.00. $70.00 75.00