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.

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) $ 114 per unit 44 per unit $ 22 per unit $252,000 per year $ 10 per unit $ 155,000 per year 36,000 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.) Per unit Direct materials 114.00 Direct labor 44.00 Variable overhead 22.00 Fixed overhead $ 180.00 Total product cost using absorption costing Target profit Target selling price $ 180.00