Required information [The following information applies to the questions displayed below.) Serendipity Sound, Inc. manufactures and sells compact discs. Price and cost data are as follows: $ 25.00 $ Selling price per unit (package of two CDs) Variable costs per unit: Direct material Direct labor Manufacturing overhead Selling expenses Total variable costs per unit Annual fixed costs: Manufacturing overhead Selling and administrative Total fixed costs Forecasted annual sales volume (120,000 units) 10.50 5.00 3.00 1.30 19.80 $ $ 192,000 276,000 $ 468,000 $3.000.000 In the following requirements, ignore income taxes. 6. 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 same contribution-margin ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Selling price