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 30,000 units next year, the unit product cost of a particular product is $62.70. The company's selling and administrative expenses for this product are budgeted to be $828,400 in total for the year. The company has invested $560,000 in this product and expects a return on investment of 8%. The selling price for this product based on the absorption costing approach would be closest to: (Do not round intermediate calculations.) Multiple Choice O 01.31 $6772 $122.18 $90 31