Ivancevic Inc. , which produces a single product, has provided the following data for its most recent month of operation: 
The company had no beginning or ending inventories.
Required:
Compute the unit product cost under variable costing.Show your work!
Definitions:
Marginal Revenue
The augmented income earned from trading one extra unit of a product or service.
Total Revenue
The entire sum of funds a company acquires from selling goods or offering services over a specific duration.
Marginal Cost Curve
A graphical representation that shows how the cost of producing one additional unit of a good changes as production volume changes.
Average Variable Cost Curve
A graphical representation that shows how the cost per unit of producing a variable quantity of goods changes as the quantity of output is altered.
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