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) 5 130 per unit $ 60 per unit $ 38 per unit $ 220,000 per year $ 18 per unit $ 195,00 per year 20,000 units per year . Compute the target selling price per unit under absorption costing (Do not found intermediate calculations. Round your final answer to 2 decimal places.) Per unit Direct materials Direct labor Variable overhead Fixed overhead Total product costurung abrorption costing Target profit Target selling price