pter 19 Exercise Saved Help Save & Exit S Check my 5 Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. m its Direct materials cost Direct labor cost Variable overhead cost Fixed overhead cost Variable selling and administrative expenses Fixed selling and administrative expenses Expected production (and sales) $ 108 per unit $ 38 per unit $ 16 per unit $ 231,000 per year $ 7 per unit $140,000 per year 42,000 units per year eBook Hint Print eferences Compute the target selling price per unit under absorption costing. (Do not round intermediate calculations. Roun final answer to 2 decimal places.) $ Direct materials Direct labor Variable overhead Fixed overhead Total product cost using absorption costing Torant nonfit Per unit 108.00 38.00 16.00 5.50 167.50 $ Fixed overhead cost Variable selling and administrative expenses Fixed selling and administrative expenses Expected production (and sales) $231,000 per year $ 7 per unit $140,000 per year 42,000 units per year Compute the target selling price per unit under absorption costing. (Do not round interm final answer to 2 decimal places.) Direct materials $ Per unit 108.00 38.00 16.00 es Direct labor Variable overhead Fixed overhead Total product cost using absorption costing Target profit Target selling price 5.50 167.50 $ $ 167.50