The JOC 35048 company uses a job-order costing system with a predetermined overhead rate using direct labor hours as the allocation base. The company made the following estimates at the beginning of last year: Direct labor-hours required for the estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per direct labor-hour 154,000 $ 655,000 $ 4.60 The JOC-35048 company started and completed Product A569 last year. It recorded the following information for Product A569: Direct materials Direct labor cost Direct labor hours used Number of units produced $370 $ 300 37 hours i 50 units The JOC-35048 company uses a markup percentage of 130% of its total manufacturing cost in determining selling price. The selling price per unit the company would charge for Product A569 is closest to: (Carry out your calculations up to 2 decimal places) O $39.87 O $38.24 O $41.60 $16.62