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:

Association

A statistical relationship between two or more variables, which does not necessarily imply a cause-and-effect relationship.

Audition

A trial performance by an actor, singer, musician, or dancer to demonstrate suitability for a role, part, or position.

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A research study that follows a group of individuals over time to determine how their exposures affect their outcomes.

Retrospective Cohort

A study that looks back at a group of individuals who share a common characteristic or experience over a certain period to assess the effect of certain variables on outcomes.