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Huds Incorporated reports the information below on its product. The company uses absorption costing and...

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Accounting

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 $ 100 per unit
Direct labor $ 30 per unit
Variable overhead $ 8 per unit
Fixed overhead $ 600,000 per year
Variable selling and administrative expenses $ 3 per unit
Fixed selling and administrative expenses $ 120,000 per year
Units produced 50,000 units per year
Units sold 50,000 units per year

Compute the target selling price per unit under absorption costing.

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