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What is unit product cost for year using variable costing

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Reference no: EM132591140

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

Beginning inventory 240units

Units produced 890units

Units sold 939units

Selling price$290/unit

Direct materials$49/unit

Direct labor$30/unit

Variable manufacturing overhead$29/unit

Fixed manufacturing overhead$40,940/yr

Variable selling/administrative costs$22/unit

Fixed selling/administrative costs$29,500/yr

Question 1: What is the unit product cost for the year using variable costing?

Multiple Choice

Option 1: $108

Option 2: $130

Option 3: $198

Option 4: $154

Reference no: EM132591140

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