Huds Incorporated reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. Direct materials $100 per unit Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Units produced and sold Targeted markup Required: $30 per unit $8 per unit $600,000 per year $3 per unit $120,000 per year 50,000 units per year 40% of absorption cost Compute the target selling price per unit under absorption costing. Product cost per unit using absorption costing Target markup per unit Target selling price per unit Per unit