Exercise $19-16($Algo$)$ Target pricing LO P$3$

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.

Direct materials$ $108$per unitDirect labor$ $38$per unitVariable overhead$ $16$per unitFixed overhead$ $231,000$per yearVariable selling and administrative expenses$ $7$per unitFixed selling and administrative expenses$ $140,000$per yearUnits produced$42,000$units per yearUnits sold$42,000$units per year

Compute the target selling price per unit under absorption costing.

Note: Do not round intermediate calculations. Round your final answers to $2$ decimal places.