Question - Allentown Aqua, Inc. has provided the following information for the year.
Unit produced - 10,000 units
Sales price - $700 per unit
Direct materials - $25 per unit
Direct labor - $50 per unit
Variable manufacturing overhead - $35 per unit
Fixed manufacturing overhead - $410,000 per year
Variable selling and administrative costs - $65 per unit
Fixed selling and administrative costs - $200,000 per year
What is the unit product cost using variable costing?