Required information Use the following Information for the Qulck Study below. (Algo) [The following information applies to the questions displayed below.] A manufacturer reports the following. QS 19-16 (Algo) Compute contrlbution margin LO P2 Compute contribution margin. Exerclse 1916 (Algo) Target prlcing LO P3 Huds Incorporated reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. Compute the target selling price per unit under absorption costing. (Do not round intermedlate calculations. Round your final answers to 2 decimal places.)