Hernando Manufacturing,Inc What Was the Unit Product Cost? (Round Your Answer to |

question 163

Multiple Choice

Hernando Manufacturing,Inc.reported the following information for the year: $\begin{array} { | l | r | } \hline \text { Number of Units Produced } & 152,000 \\\hline \text { Number of Units Sold } & 62,000 \\\hline \text { Cost of Goods Manufactured } & \$ 268,000 \\\hline \text { Cost of Goods Sold } & 52,900 \\\hline \text { Sales Revenue } & 130,000 \\\hline \text { Gross Profit } & 72,940 \\\hline \text { Operating Expense } & 727,000 \\\hline\end{array}$ What was the unit product cost? (Round your answer to the nearest cent.)

• A) $4.32
• B) $0.86
• C) $0.85
• D) $1.76

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Definitions:

Capuchins

A genus of New World monkeys known for their intelligence and social behaviors, often studied in research on primatology and psychology.

Equity Norm

A principle within social psychology that posits fairness and equality in the distribution of resources and responsibilities among members of a group.

Equality Norm

A principle or standard within social groups that advocates for equal rights, opportunities, and treatment for all members, often guiding behavior and decision-making in group settings.

Wages

Payments made to employees for their labor or services, typically calculated on an hourly, daily, or piecework basis.