1 For financial accounting purposes, what is the total amount of product costs incurred for 10,000 units? Direct materials Direct labor Variable manufacturing overhead Variable manufacturing cost per unit Variable manufacturing cost per unit (a) Number of units produced (b) Total variable manufacturing costs (a) x (b) Average fixed mfg. OH per unit (c) Number of units produced (d) Total manufacturing cost (c) x (d) Total product (manufacturing) cost Note: The average fixed manufacturing overhead cost per unit of $4 is valid for only one level of activity - 10,000 units produced