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

Per Unit Per Year

Direct materials24.60

Direct Labor17.90

Variable manufacturing overhead4.80

Fixed manufacturing overhead718,2

Variable selling and administrative expenses4.50

Fixed selling and administrative expenses723,9

The company uses the absorption costing to cost-plus pricing described in the text. The pricing calculations are based on budgeted production and sales of 57,000 units per year. The company has invested $ 140,000 in this product and expects a return on investment of 13%.

The selling price based on absorption costing approach would be closest to:

A) $99.65

B) $77.42

C) $61.13

D) $77.10