Velasco Productions Has Provided the Following Information for the Year

question 25

Multiple Choice

Velasco Productions has provided the following information for the year: $$\begin{array} { | l | r | } \hline \text { Direct Labor } & \$ 150,000 \\\hline \text { Beginning Work-in-Process Inventory } & 63,000 \\\hline \text { Direct Materials Used } & 269,000 \\\hline \text { Ending Work-in-Process Inventory } & 52,900 \\\hline \text { Manufacturing Overhead } & 135,000 \\\hline\end{array}$$ During the year,Velasco produced 71,220 units of product.Calculate the unit product cost.(Round your answer to the nearest cent.)

• A)$7.92
• B)$6.77
• C)$7.78
• D)$8.66

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Definitions:

Prenatal Development

The process of growth and development within the womb from conception until birth.

Factors Affecting

Variables or conditions that can influence the outcome or behavior in various contexts, such as environmental, social, or psychological elements.

Aging

The process of becoming older, which entails biological, emotional, intellectual, and social changes.

Physical Changes

Alterations in the physical state or appearance of a substance or object, without changing its chemical composition.