Given the Following Data, Calculate Product Cost Per Unit Under

question 22

Multiple Choice

Given the following data, calculate product cost per unit under absorption costing. $$\begin{array} { | l | c | } \hline \text { Direct labor } & \$ 7 \text { per urit } \\\hline \text { Direct rmaterials } & \$ 1 \text { per urit } \\\hline \text { Overhead } & \\\hline \text { Total variable overhead } & \$ 20,000 \\\hline \text { Total fixed overhead } & \$ 90,000 \\\hline & \\\hline \text { Expected urits to be produced } & 40,000 \text { urits } \\\hline\end{array}$$

• A)$8 per unit
• B)$8.50 per unit
• C)$10.25 per unit
• D)$10.75 per unit
• E)$12 per unit

Recognize the historical context and effects of specific fiscal policies and tax reforms on the economy.

Explain the paradox of thrift and its implications for individual savings and overall economic performance.

Understand the multiplier effect, its calculation, and its implications for fiscal policy and economic output.

Analyze the differences and implications of various fiscal policy stances during economic downturns and expansions.

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Definitions:

Bank Reconciliation

The process of matching and comparing figures from the banking statements with the cash account records to ensure accuracy and consistency in financial records.

Petty Cash

A small amount of cash on hand used for covering minor expenses.

Petty Cash Fund

A small amount of cash kept on hand for making immediate payments for minor expenses.

Auxiliary Petty Cash Record

A supplementary record for summarizing petty cash information.