Groovelex,Inc What Is the Unit Product Cost Using Absorption Costing? (Round

question 1

Multiple Choice

Groovelex,Inc.has collected the following data for the current year: $$\begin{array} { | l | r |l| } \hline \text { Beginning Finished Goods Inventory } & 60 &\text { units } \\\hline \text { Units produced } & 560& \text { units } \\\hline \text { Units sold } & 620 &\text { units } \\\hline \text { Sales price } & \$ 170& \text { per unit } \\\hline \text { Direct materials } & \$ 40 &\text { per unit } \\\hline \text { Direct labor } & \$ 13 &\text { per unit } \\\hline \text { Variable manufacturing overhead } & \$ 14 &\text { per unit } \\\hline \text { Fixed manufacturing overhead } & \$ 19,500 &\text { per unit } \\\hline \text { Variable selling and administrative costs } & \$ 6 &\text { per unit } \\\hline \text { Fixed selling and administrative costs } & \$ 12,500 &\text { per unit } \\\hline\end{array}$$ What is the unit product cost using absorption costing? (Round your answer to the nearest cent. )

• A)$130.14
• B)$67.00
• C)$101.82
• D)$61.82

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Definitions:

Groundwater Contamination

The pollution of groundwater systems by pathogens, chemicals, and other harmful substances, compromising water quality and ecosystem health.

Water Table Slope

The gradient or incline of the water table, indicating the direction and rate at which groundwater flows.

Flowing Groundwater

refers to the movement of water through the pores and spaces in soil and rock beneath the Earth's surface.

Plume

1. A rising mass of mostly solid mantle material, thought to be the causal mechanism of a hot spot. 2. A mass of groundwater contamination that spreads out away from the source.