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) $ 102 per unit 5 32 per unit $ 10 per unit $ 192,000 per year $ 4 per unit $ 125,000 per year 48,000 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.) Par unit Direct materials Direct labor Variable overhead Fixed overhead Total product cost using absorption costing Target profit Target selling price