The management of Musselman Corporation would ke to set the setting price on a new product using the absorption costing approach to cod piss prong. The company's accounting department has tapped the for the new product Direct materials Direct labor Variable manufacturing overhead Led annual manufacturing overhead Variable selling and administrative expenses Fixed annual selling and administrative expenses Per Unit Per Year $27 $16 58 $216,000 53 $72,000 Management plans to produce and sell 5000 units of the new product annualy. The new product would require an investment of $1305.000 and torque tu ametont of The unit target seting price using the absorption costing approach is closest to Multi Chec O $15.00 O $50 1000 Seed b