Answer the following questions using the information below:
The Singer Company manufactures several different products. Unit costs associated with Product ICT101 are as follows:
-What are the variable costs per unit associated with Product ICT101?
Definitions:
Product Margins
The difference between the selling price of a product and its production or acquisition costs, indicating profitability.
Machine-Hours
A unit of measurement representing the operating time of a machine, used in the calculation of manufacturing costs and machinery utilization.
Activity-Based Costing
A pricing approach that allocates overhead and indirect expenses to corresponding products and services according to their engagement in activities.
Overhead Costs
Expenses related to the operation of a business that cannot be directly linked to a specific product or service, such as utilities and administration salaries.
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