The JOC-48858 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 151,000 $ 657,000 $ 4.40 The JOC-48858 company started and completed Product A867 last year. It recorded the following information for Product A867: Direct materials Direct labor cost $ 320 $ 290 Direct labor hours used Number of units produced 33 hours 50 units The JOC-48858 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 A867 is closest to: (Carry out your calculations up to 2 decimal places) $ 41.18 $17.98 $42.91 $ 39.55