Tustin Corporation has provided the following data for its two most recent years of operation:...
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Accounting
Tustin Corporation has provided the following data for its two most recent years of operation:
| Selling price per unit | $ | 68 |
| Manufacturing costs: | ||
| Variable manufacturing cost per unit produced: | ||
| Direct materials | $ | 10 |
| Direct labor | $ | 6 |
| Variable manufacturing overhead | $ | 4 |
| Fixed manufacturing overhead per year | $ | 220,000 |
| Selling and administrative expenses: | ||
| Variable selling and administrative expense per unit sold | $ | 6 |
| Fixed selling and administrative expense per year | $ | 61,000 |
| Year 1 | Year 2 | |
| Units in beginning inventory | 0 | 1,000 |
| Units produced during the year | 11,000 | 10,000 |
| Units sold during the year | 10,000 | 7,000 |
| Units in ending inventory | 1,000 | 4,000 |
The unit product cost under variable costing in Year 1 is closest to:
Multiple Choice
$46.00
$26.00
$20.00
$40.00
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