The JOC-22746 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 152,000 $ 655,000 $ 4.70 The JOC-22746 company started and completed Product A147 last year. It recorded the following information for Product A147: Direct materials Direct labor cost Direct labor hours. used Number of units produced $ 330 $250 38 hours 50 units The JOC-22746 company uses a markup percentage of 110% of its total manufacturing cost in determining selling price. The selling price per unit the company would charge for Product A147 is closest to: (Carry out your calculations up to 2 decimal places) $ 40.37 $42.10 $18.45 $ 38.74