MC Qu. 8-29 Romano Corporation...

Romano Corporation has computed the following unit costs for the year just ended:

Direct material used $10

Direct labor 15

Variable manufacturing overhead 20

Fixed manufacturing overhead 23

Variable selling and administrative cost 6

Fixed selling and administrative cost 27

Under variable costing, each unit of the company's inventory would be carried at:

Multiple Choice

• $45.
• $51.
• $68.
• $101.
• None of the answers is correct.