Kircher, Inc., manufactures a product with the following costs:

	Per Unit	Per Year
Direct materials	$26.20
Direct labor	$15.20
Variable manufacturing overhead	$3.40
Fixed manufacturing overhead		$1,494,600
Variable selling and administrative expenses	$3.30
Fixed selling and administrative expenses		$1,464,700

The company uses the absorption costing approach to cost-plus pricing described in the text. The pricing calculations are based on budgeted production and sales of 94,000 units per year.

The company has invested $350,000 in this product and expects a return on investment of 16%.

The selling price based on the absorption costing approach would be closest to: (Do not round intermediate calculations.)

$80.18

$52.80

$50.91

$83.00