Given the Following Data, Total Product Cost Per Unit Under

question 143

True/False

Given the following data, total product cost per unit under absorption costing is $9.14.
$$\begin{array} { | l | c | } \hline \text { Direct labor } & \$ 0.72 \text { per unit } \\\hline \text { Direct materials } & \$ 0.80 \text { per unit } \\\hline \text { Overhead } & \\\hline \text { Total variable overhead } & \$ 202,500 \\\hline \text { Total fixed overhead } & \$ 140,400 \\\hline & \\\hline \text { Expected units to be produced } & 45,000 \text { units } \\\hline\end{array}$$

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Definitions:

Groupthink

A phenomenon occurring within a group of people in which the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Consensus

A general agreement or shared understanding among a group of people, often achieved through collective decision-making processes.

Laissez-faire Decision Making

A management style that involves a minimal amount of oversight and control, allowing individuals or groups to make decisions independently.

Reference Group

A social group that individuals use as a standard to evaluate themselves and their own behavior.