Lenart Corporation has provided the following data for its two most recent years of operation: Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$13Direct labor$5Variable manufacturing overhead$5Fixed manufacturing overhead per year$90,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$6Fixed selling and administrative expense per year$61,000 Year 1Year 2Units in beginning inventory01,000Units produced during the year10,0009,000Units sold during the year9,0008,000Units in ending inventory1,0002,000 The unit product cost under variable costing in Year 1 is closest to:
A. $36.00
B. $30.00
C. $23.00
D. $29.00
Answer: C
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