Essential, Inc. manufactures a single product. The company has the following cost structure: Last year, 4,000 units were produced and 3,500 units were sold. There were no beginning inventories. Under variable costing, the unit product cost would be:

Select one:

a. $4 per unit

b. $5 per unit

c. $7 per unit

d. $8 per unit

Essential, Inc. manufactures a single product. The company has the following cost structure: Last year, 4,000 units were produced and 3,500 units were sold. There were no beginning inventories.Under variable costing, the unit product cost would be: Select one: a. $4 per unit b. $5 per unit c. $7 per unit d. $8 per unit