Mascioli Corporation produces a single product and has the following cost structure: 
Required:
Compute the unit product cost under variable costing. Show your work!
Definitions:
Compounded Semiannually
Refers to the process where interest is added to the principal balance of a loan or deposit twice a year, effectively increasing the amount of interest earned or paid.
Promissory Note
A financial document in which one entity guarantees to pay a certain amount of money to another, either when asked or at an agreed-upon date in the future.
Discount Rate
The interest rate used in discounted cash flow analysis to determine the present value of future cash flows.
Canadian Consumer Price Index
A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, calculated by Statistics Canada.
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