A manufacturer reports the following costs to produce 11,000 units in its first year of operations: Direct materials, $11 per unit, Direct labor, $7 per unit, Variable overhead, $55,000, and Fixed overhead, $143,000. The total product cost per unit under absorption costing is:

Multiple Choice

• $18 per unit.

• $23 per unit.

• $36 per unit.

• $31 per unit.

• $16 per unit.