Ibushi Company, which has only one product, has provided the following data concerning its most recent month of operations:
|
Selling price |
$117 |
|
Units in beginning inventory |
0 |
|
Units produced |
7,900 |
|
Units sold |
7,600 |
|
Units in ending inventory |
300 |
|
Variable costs per unit: |
|
|
Direct materials |
$29 |
|
Direct labor |
$37 |
|
Variable manufacturing overhead |
$4 |
|
Variable selling and administrative |
$8 |
|
Fixed costs: |
|
|
Fixed manufacturing overhead |
$205,400 |
|
Fixed selling and administrative |
$91,200 |
What is the unit product cost for the month under variable costing?
A) $104
B) $70
C) $78
D) $96