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6. LMN Corp incurred the following costs during the production of 1,000 units of a product: - Direct materials used: $40,000 Direct labor cost: $30,000
6. LMN Corp incurred the following costs during the production of 1,000 units of a product: - Direct materials used: $40,000 Direct labor cost: $30,000 - Variable manufacturing overhead: $10,000 Fixed manufacturing overhead: $15,000 Calculate the total product cost per unit, considering both variable and fixed costs. a) $40 b) $45 c) $50 d) $55
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