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What is the unit product cost for the year

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Question - Hayes Inc. provided the following information for the current year:

Beginning inventory 300 units

Units produced 950 units

Units sold 994 units

Selling price $350/unit

Direct materials $55/unit

Direct labor $36/unit

Variable manufacturing overhead $35/unit

Fixed manufacturing overhead $49,400/year

Variable selling/administrative costs $28/unit

Fixed selling/administrative costs $35,500/year

Required - What is the unit product cost for the year using absorption costing?

Reference no: EM132608513

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