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A manufacturing company produces 10,000 units annually. The production process involves three stages: Material Procurement, Manufacturing, and Packaging. Material costs $10 per unit, labor costs

A manufacturing company produces 10,000 units annually. The production process involves three stages: Material Procurement, Manufacturing, and Packaging. Material costs $10 per unit, labor costs $15 per hour with an average of 2 hours per unit, and packaging costs $5 per unit. The company also incurs fixed costs of $50,000 per annum. Calculate the total production cost per unit, considering both variable and fixed costs.

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