Kirgan, Inc., manufactures a product with the following costs: Per Year Per Unit $26.40 $15.40 $ 3.60 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,545,600 $ 3.50 $1,514,700 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 96,000 units per year. The company has invested $370,000 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.) 10 0 0 0 $81.40 $83.20 $50.85 Magney, Inc., uses the absorption costing approach to cost-plus pricing described in the text to set prices for its products. Based on budgeted sales of 31,000 units next year, the unit product cost of a particular product is $62.80. The company's selling and administrative expenses for this product are budgeted to be $829,600 in total for the year. The company has invested $570,000 in this product and expects a return on investment of 9%. The selling price for this product based on the absorption costing approach would be closest to: (Do not round Intermediate calculations.) $121.94 $89.56