manufactures and sells a single product. Cost data for the product are given: Direct labor Variabla manufacturing overhead $ 20 $ 105,000 160,000 265,000 The product sells for $51 per unit. Production and sales data for July and August, the first two months of operations, follow 17,000 25,000 21,000 August 21,000 Cost of sold 211,00 b. Variable costing. and