Olds Inc., which produces a single product, has provided the following data for its most...
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Accounting
| Olds Inc., which produces a single product, has provided the following data for its most recent month of operations: |
| Number of units produced | 5,900 |
| Variable costs per unit: | |
| Direct materials | $66 |
| Direct labor | $60 |
| Variable manufacturing overhead | $7 |
| Variable selling and administrative expenses | $15 |
| Fixed costs: | |
| Fixed manufacturing overhead | $200,600 |
| Fixed selling and administrative expenses | $454,300 |
| There were no beginning or ending inventories. The absorption costing unit product cost was: |
| $126 | |
| $133 | |
| $167 | |
| $259 |
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You can see the logs in the Dashboard.