PR 7-40 (Static) Basic CVP Relationships (LO 7-1, 7-2, 7-4) [The following information applies to the questions displayed below.] Serendipity Sound, Incorporated, manufactures and sells compact discs. Price and cost data are as follows: In the following requirements, ignore income taxes. PR 7-40 (Static) Part 6: If the company's direct-labor costs do increase by 8 percent... 5. If the company's direct-labor costs do increase by 8 percent, what selling price per unit of product must it charge to maintain the ame contribution-margin ratio? Note: Do not round intermediate calculations. Round your answer to 2 decimal places