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?