Sirhuds inc a maker of smart watches reports the information below on its product. The company uses absorption costing and has a target markup of 40% cost per unit

11 Direct materials cost 112 per unit Direct labor cost LA LA LA 42 per unit Variable overhead cost 20 per unit Fixed overhead cost $ 247,000 per year Variable selling and administrative expenses 9 per unit 3 Fixed selling and administrative expenses $ 150,000 per year points Expected production (and sales) 38, 000 units per year eBook Compute the target selling price per unit under absorption costing. (Do not round intermediate calculations. to 2 decimal places.) Hint Print Per unit Direct materials Direct labor Variable overhead Fixed overhead Total product cost using absorption costing Target profit Target selling price