Olds Inc., which produces a single product, has provided the following data for its most recent month of operations:
| Number of units produced |
5,900 |
| Variable costs per unit: |
|
| Direct materials |
$66 |
| Direct labor |
$60 |
| Variable manufacturing overhead |
$7 |
| Variable selling and administrative expenses |
$15 |
| Fixed costs: |
|
| Fixed manufacturing overhead |
$200,600 |
| Fixed selling and administrative expenses |
$454,300 |
| There were no beginning or ending inventories. The absorption costing unit product cost was: |