(Answered) Question - absorption costing and product pricinga

Accounting

Question - Absorption costing and product pricing

A manufacturer reports the following information on its product.

Direct materials cost - $ 50 per unit

Direct labor cost - $ 12 per unit

Variable overhead cost - $ 6

Fixed overhead cost - $ 2 per unit

Target markup - 40%

Compute the target selling price per unit under absorption costing.

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