8 00 Exercise 6-16 (Static) Target pricing LO P3 Huds Incorporated reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. Go Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Units produced Units sold $ 100 per unit $ 30 per unit $ 8 per unit $ 600,000 per year $ per unit $ 120,000 per year 50,000 units per year 50.000 units per year Print Compute the target selling price per unit under absorption costing. Per unit 5 0 Product cost per unit using absorption costing Target markup per unit Target selling price per unit $ 0