A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory 0Units produced 8,900Units sold 8,500Units in ending inventory 400Variable costs per unit: Direct materials$26Direct labor$25Variable manufacturing overhead$4Variable selling and administrative expense$4Fixed costs: Fixed manufacturing overhead$249,200Fixed selling and administrative expense$17,000 What is the variable costing unit product cost for the month?
A. $83 per unit
B. $87 per unit
C. $55 per unit
D. $59 per unit
Answer: C
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Answer the following statement true (T) or false (F)