Kray Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced 6,000Variable costs per unit: Direct materials$40Direct labor$19Variable manufacturing overhead$8Variable selling and administrative expense$2Fixed costs: Fixed manufacturing overhead$144,000Fixed selling and administrative expense$198,000There were no beginning or ending inventories. The variable costing unit product cost was:
A. $67 per unit
B. $61 per unit
C. $91 per unit
D. $69 per unit
Answer: A
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Ohio, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following income statement:
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