Wolanski Corporation has provided the following data for its most recent year of operations: Selling price per unit $ 48
Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials $ 11
Direct labor $ 5
Variable manufacturing overhead $ 5
Fixed manufacturing overhead per year $ 110,000
Selling and administrative expenses:
Variable selling and administrative expense per unit sold $ 4
Fixed selling and administrative expense per year $ 71,000
Units in beginning inventory 0
Units produced during the year 11,000
Units sold during the year 8,000
Units in ending inventory 3,000
The unit product cost under variable costing is closest to:
A. $31.00
B. $25.00
C. $21.00
D. $35.00