Given the Following Data, Calculate Product Cost Per Unit Under

question 75

Multiple Choice

Given the following data, calculate product cost per unit under variable costing.

• A) $7 per unit
• B) $13.30 per unit
• C) $11.00 per unit
• D) $11.60 per unit
• E) $16.50 per unit

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Definitions:

Work in Process

Partially finished goods that are in production but have not yet been completed at a specific point in time.

Cost Ledger

A subsidiary ledger that contains individual accounts for each type of cost, including materials, labor, and overhead, used in process costing systems.

Job Cost Sheet

A document that records the materials, labor, and overhead costs incurred for a specific job or project.

Materials Requisitions

A document or electronic form that authorizes the transfer of materials from storage to production, specifying types, quantities, and the purpose of the materials needed.