The following production and average cost data for two levels of monthly production volume have been supplied by a company that produces a single product: Production volume 2,000units 4,000unitsDirect materials$88.40per unit$88.40per unitDirect labor$20.60per unit$20.60per unitManufacturing overhead$86.90per unit$55.30per unit The best estimate of the total variable manufacturing cost per unit is:
A. $88.40
B. $132.70
C. $109.00
D. $23.70
Answer: B
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KnockKnock, Inc. is a manufacturer of stainless steel locks which are well known for their durability. The company contacts a new supplier and forms a supply contract. The contract states that KnockKnock, Inc. will only purchase steel from the supplier if the material supplied is high grade Type 102 stainless steel. This is an instance of a ________.
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