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 Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Units produced Units sold Compute the target selling price per unit under absorption costing. $ 100 per unit $30 per unit $8 per unit $ 600,000 per year $3 per unit $ 120,000 per year 50,000 units per year 50,000 units per year Per unit Product cost per unit using absorption costing S 0 Target markup per unit Target selling price per unit $