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Target selling price per unit under absorption costing

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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.

Direct materials cost

$102 per unit

Direct labor cost

$32 per unit

Variable overhead cost

$10 per unit

Fixed overhead cost

$192,000 per year

Variable selling and administrative expenses

$4 per unit

Fixed selling and administrative expenses

$125,000 per year

Expected production (and sales)

$48,000 units per year

Compute the target selling price per unit under absorption costing. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Reference no: EM13969242

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