A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
|
Units in beginning inventory |
0 |
|
Units produced |
2,900 |
|
Units sold |
2,500 |
|
Units in ending inventory |
400 |
|
Variable costs per unit: |
|
|
Direct materials |
$27 |
|
Direct labor |
$20 |
|
Variable manufacturing overhead |
$6 |
|
Variable selling and administrative |
$4 |
|
Fixed costs: |
|
|
Fixed manufacturing overhead |
$72,500 |
|
Fixed selling and administrative |
$2,500 |
What is the unit product cost for the month under variable costing?
A) $57
B) $53
C) $78
D) $82