Tat Corporation produces a single product and has the following cost structure: Number of units produced each year 7,000Variable costs per unit: Direct materials$77Direct labor$89Variable manufacturing overhead$5Variable selling and administrative expenses$3Fixed costs per year: Fixed manufacturing overhead$532,000Fixed selling and administrative expenses$574,000The unit product cost under absorption costing is:
A. $171 per unit
B. $332 per unit
C. $247 per unit
D. $166 per unit
Answer: C
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