Hoosier Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations.
- Variable Costs
- Direct Materials $6
- Direct Labor $6
- Variable Overhead $3
- Fixed Costs
- Fixed Manufacturing OH $275,000
- Fixed Selling Expenses $170,000
During the year the company produced 25,000 units and sold 20,000 units. The company's selling price is $50 per unit.
Under variable costing, what would Hoosier's unit product cost be?