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Question - 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 4,700
Units sold 4,600
Units in ending inventory 100
Variable costs per unit:
Direct materials $55
Direct labor $57
Variable manufacturing overhead $20
Variable selling and administrative expense $18
Fixed costs:
Fixed manufacturing overhead $98,700
Fixed selling and administrative expense $46,000
Required - What is the variable costing unit product cost for the month?
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