QS $19-20($Algo$)$ Target pricing LO P$3$

A manufacturer reports the following information:

Direct materials $$49\mathrm{.}00$ per unit

Direct labor $$11\mathrm{.}90$ per unit

Variable overhead $$5\mathrm{.}90$ per unit

Fixed overhead

Target markup

Compute the $(a)$ total product cost per unit under absorption costing and $(b)$ target selling price per unit under absorption costing.

Complete this question by entering your answers in the tabs below.

$1.$Compute the total product cost per unit under absorption costing. $($Round your answers to $2$ decimal places.$)$

Total product cost using absorption costing

$2.$Compute the Target selling price per unit under absorption costing