Kircher, Inc., manufactures a product with the following costs: Per Year Per Unit $ 25.30 $ 14.10 $ 2.30 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $ 1,093,400 $ 2.20 $ 1,079,200 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 71,000 units per year. The company has invested $330,000 in this product and expects a return on investment of 20%. The selling price based on the absorption costing approach would be closest to: (Do not round the intermediate calculations.) $96.79 $75.02 $56.41 O $75.43