The management of Store Corporation would like to set the selling price on a new product using the absorption costing approach to cost-plus pricing. The company's accounting department has supplied the following estimates for the new product: 
Management plans to produce and sell 6,000 units of the new product annually. The new product would require an investment of $1,140,000 and has a required return on investment of 10%.
-The absorption costing unit product cost is:
Definitions:
Average Total Cost
The total cost of production divided by the number of units produced, representing the per unit cost of production.
Product Curve
A graphical representation showing the rate of output production for varying levels of one input while holding other inputs constant, often used in the context of the production function.
Innovation
The act of introducing something new or developing an improved version of a product, service, or process.
Invention
The creation of a new product, process, or idea that did not exist previously.
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