The management of Musselman Corporation would like to set the selling price on a new product using the absorption costing approach to cost$-$plus pricing. The company's accounting department has supplied the following estimates for the new product:

$\backslash$table$[[$Direct materials,Per Unit,Per Year$],[$Direct labor,$$27,],[$Variable manufacturing overhead,$$16,],[$Fixed annual manufacturing overhead,$$8,$$$216,000$