The JOC-30665 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 158,000 $ 652,000 $ 5.00 The JOC-30665 company started and completed Product A862 last year. It recorded the following information for Product A862: Direct materials Direct labor cost $ 370 $ 250 Direct labor hours used Number of units produced 38 hours 50 units The JOC-30665 company uses a markup percentage of 120% of its total manufacturing cost in determining selling price. The selling price per unit the company would charge for Product A862 is closest to: (Carry out your calculations up to 2 decimal places) O $ 38.81 $37.08 $ 35.45 $ 16.12