Ronan Corporation produces a single product and has the following cost structure: 
Required:
Compute the unit product cost under variable costing. Show your work!
Definitions:
Units-Of-Output Method
A depreciation method where the expense is calculated based on the units produced by the asset.
Depreciation Expense
This is the allocation of the cost of a tangible asset over its useful life.
Revenue
Income generated from normal business operations, usually from the sale of goods and services to customers.
Lessor
An entity or individual that leases or rents out an asset to another party, known as the lessee.
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