Magney, Incorporated, uses the absorption costing approach to cost-plus pricing described in the text to set prices for its products. Based on budgeted sales of 33,000 units next year, the unit product cost of a particular product is $63.00. The company's selling and administrative expenses for this product are budgeted to be $832,000 in total for the year. The company has invested $590,000 in this product and expects a return on investment of 11%. The selling price for this product based on the absorption costing approach would be closest to: (Do not round intermediate calculations.) Multiple Choice $88.21 $121.44 $90.18 $69.93