Habib Company, which has only one product, has provided the following data concerning its most recent month of operations:
|
Selling price |
$141 |
|
Units in beginning inventory |
0 |
|
Units produced |
3,700 |
|
Units sold |
3,500 |
|
Units in ending inventory |
200 |
|
Variable costs per unit: |
|
|
Direct materials |
$38 |
|
Direct labor |
$55 |
|
Variable manufacturing overhead |
$5 |
|
Variable selling and administrative |
$9 |
|
Fixed costs: |
|
|
Fixed manufacturing overhead |
$51,800 |
|
Fixed selling and administrative |
$66,500 |
What is the unit product cost for the month under variable costing?
A) $107
B) $98
C) $112
D) $121