Candy Man,Inc What Is the Unit Product Cost Using Variable Costing? (Round

Candy Man,Inc.reports the following information: $$\begin{array} { | l | r | } \hline \text { Beginning Finished Goods Inventory } & 50 \text { units } \\\hline \text { Units produced } & 580 \text { units } \\\hline \text { Units sold } & 630 \text { units } \\\hline \text { Sales price } & \$ 180 \text { per unit } \\\hline \text { Direct materials } & \$ 29 \text { per unit } \\\hline \text { Direct labor } & \$ 14 \text { per unit } \\\hline \text { Variable manufacturing overhead } & \$ 19 \text { per unit } \\\hline \text { Fixed manufacturing overhead } & \$ 19,900 \text { per year } \\\hline \text { Variable selling and administrative costs } & \$ 7 \text { per unit } \\\hline \text { Fixed selling and administrative costs } & \$ 12,500 \text { per year } \\\hline\end{array}$$ What is the unit product cost using variable costing? (Round your answer to the nearest cent.)

A) $96.31
B) $62.00
C) $67.31
D) $124.86

Correct Answer:

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