A company reports the following information for its first year of operations:Units produced this year 650unitsUnits sold this year 500unitsDirect materials$750per unitDirect labor$1,000per unitVariable overhead ?in totalFixed overhead$308,750in totalIf the company's cost per unit of finished goods using variable costing is $2,375, what is total variable overhead?
A. $312,500
B. $75,000
C. $406,250
D. $237,500
E. $97,500
Answer: C
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