Hayes Inc. provided the following information for the year 2015:
Beginning inventory..............................................100 units
Units produced....................................................750 units
Units sold..........................................................800 units
Selling price.......................................................$150/unit
Direct materials.....................................................$35/unit
Direct labor.........................................................$16/unit
Variable manufacturing overhead...............................$15/unit
Fixed manufacturing overhead...............................$24,000/yr
Variable selling/administrative costs.............................$8/unit
Fixed selling/administrative costs...........................$15,500/yr
What is the unit product cost for the year using variable costing?
a. $98
b. $66
c. $74
d. $96