Olds Inc., which produces a single product, has provided the following data for its most recent month of
operations:
Number of units produced
Variable costs per unit:
Direct materials
Direct labor
Variable manufacturing overhead
Variable selling and administrative expense
Fixed costs:
Fixed manufacturing overhead
Fixed selling and administrative expense
4,600
$91
$85
$7
$10
$161,000
$326,600
There were no beginning or ending inventories. The absorption costing unit product cost was:
$176 per unit
$218 per unit
$183 per unit
$299 per unit
