Smidt Corporation has provided the following data for its two most recent years of operation: Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$9Direct labor$5Variable manufacturing overhead$5Fixed manufacturing overhead per year$140,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$65,000 Year 1Year 2Units in beginning inventory03,000Units produced during the year10,0007,000Units sold during the year7,0006,000Units in ending inventory3,0004,000The unit product cost under variable costing in Year 1 is closest to:
A. $24.00
B. $19.00
C. $33.00
D. $38.00
Answer: B
Business
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