The following information is given for Gibbons Company:…
The following information is given for Gibbons Company: Per unit Total $ $ Direct materials {a} Direct labour {b} Variable manufacturing overheads {c} Fixed manufacturing overheads {d},000 Variable selling and admin expenses {e} Fixed selling and admin expenses {f},000 The company has a desired ROI of {h}%. It has invested assets of ${i},000. It expects to produce {g}00 units each year. Calculate the target selling price using absorption-cost pricing. Enter your answer in the space provided. Round your answer to the nearest 2 decimal places.