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

question 61

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:

Projective Test

A type of personality assessment instrument in which respondents project their own underlying motivations, beliefs, or feelings onto ambiguous stimuli.

Situational Variables

External factors that can influence the outcome of experimental research, including the environment in which subjects perform tasks.

Humanistic

A psychological approach that emphasizes individual potential for growth and stresses the importance of self-actualization and personal fulfillment.

Psychodynamic

The psychodynamic approach in psychology emphasizes systematic study of the psychological forces that underlie human behavior, feelings, and emotions and how they might relate to early experience.