Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. Direct materials cost Direct labor cost Variable overhead cost Fixed overhead cost Variable selling and administrative expenses Fixed selling and administrative expenses Expected production (and sales) $ 110 per unit $ 40 per unit $ 18 per unit $240,000 per year $ 8 per unit $145,000 per year. 40,000 units per year Compute the target selling price per unit under absorption costing. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Direct materials Direct labor Variable overhead Fixed overhead Total product cost using absorption costing Target profit Target selling price Per unit