Problem 8-7A (Part Level Submission) Stent Corporation needs to set a target price for its newly designed product EverReady. The following data relate to this new product. Per Unit $22 s 40 13 Total Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses 1,890,000 5 $1,20B,038 The costs shown above are based on a budgeted volume of 75,600 units produced and sold each year. Stent uses cost-plus pricing methods to set its target selling price. Because some managers prefer absorption-cost pricing and others prefer variable-cost pricing, the accounting department provides information under both approaches using a markup of 50% on absorption cost and a markup of 90% on variable cost. (a) Your answer is incorrect. Try again. Compute the target price for one unit of EverReady using absorption-cost pricing. Target price Click if you would like to Show Work for this question: Qpen Show Work Attempts: 7 of 15 used SAVE FOR LATER The parts of this question must be completed in order. This part wilf be available when you complete the part above