*Please show me how to solve this step by step!* Thank you! Concord Corporation sells its product...
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Concord Corporation sells its product for $80 per unit. During 2016, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $22, direct labor $12, and variable overhead $2. Fixed costs are: $720000 manufacturing overhead, and $90000 selling and administrative expenses. The per unit manufacturing cost under variable costing is
$48.
$49.
$34.
$36.
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