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

question 206

Multiple Choice

Groovelex,Inc.has collected the following data for the current year: $$\begin{array} { | l | r | } \hline \text { Beginning Finished Goods Inventory } & 70 \text { units } \\\hline \text { Units produced } & 560 \text { units } \\\hline \text { Units sold } & 630 \text { units } \\\hline \text { Sales price } & \$ 180 \text { per unit } \\\hline \text { Direct materials } & \$ 23 \text { per unit } \\\hline \text { Direct labor } & \$ 13 \text { per unit } \\\hline \text { Variable manufacturing overhead } & \$ 16 \text { per unit } \\\hline \text { Fixed manufacturing overhead } & \$ 11,600 \text { per unit } \\\hline \text { Variable selling and administrative costs } & \$ 4 \text { per unit } \\\hline \text { Fixed selling and administrative costs } & \$ 12,000 \text { per unit } \\\hline\end{array}$$ What is the unit product cost using absorption costing? (Round your answer to the nearest cent.)

• A) $98.14
• B) $52.00
• C) $72.71
• D) $49.71

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Definitions:

Cognitive Therapy

A form of psychotherapy that emphasizes the importance of thought patterns in influencing behavior and emotions.

Dissociative Identity Disorder

Dissociative Identity Disorder is a psychological condition characterized by the presence of two or more distinct personality states or identities within a single individual, often as a response to traumatic experiences.

Cognitive-Behavioral Therapy

A form of psychotherapy that aims to improve mental health by addressing and modifying dysfunctional emotions, behaviors, and thoughts using a systematic, goal-oriented approach.

Present Focus

The practice or mental state of concentrating one's awareness on the current moment, while calmly acknowledging and accepting one's feelings, thoughts, and bodily sensations.