Maffei company which has only one product has provided the

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Reference no: EM13599059

Maffei Company, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price $ 175

Units in beginning inventory 0
Units produced 9,500
Units sold 8,000
Units in ending Inventory 1,500

Variable costs per unit:

Direct materials $ 55
Direct labor $ 38
Variable manufacturing overhead $ 2
Variable selling and admin $ 10

Fixed costs:

Fixed manufacturing overhead $ 300,000
Fixed selling and admin $ 125,000

Required:
a. What is the unit product cost for the month under variable costing?

Reference no: EM13599059

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