Mentor Corp. has provided the following information for the current year: Units produced Sale price 3,500 units $200 per unit $70 per unit Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs $55 per unit $20 per unit $350,000 per year $30 per unit $150,000 per year Calculate the unit product cost using absorption costing. A. $245 B. $275 C. $55 D. $145

Principles of Accounting Volume 2
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Chapter5: Process Costing
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Mentor Corp. has provided the following information for the current year:
Units produced
Sale price
3,500 units
$200 per unit
$70 per unit
Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Variable selling and administrative costs
Fixed selling and administrative costs
$55 per unit
$20 per unit
$350,000 per year
$30 per unit
$150,000 per year
Calculate the unit product cost using absorption costing.
A. $245
B. $275
C. $55
D. $145
Transcribed Image Text:Mentor Corp. has provided the following information for the current year: Units produced Sale price 3,500 units $200 per unit $70 per unit Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs $55 per unit $20 per unit $350,000 per year $30 per unit $150,000 per year Calculate the unit product cost using absorption costing. A. $245 B. $275 C. $55 D. $145
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