Queens Co. produces a single product. Information about the product for the past year is as follows: Production (in units) 100,000 Sales (units) 80,000 Selling price/unit $20.00 Machine hours 50,000 Manufacturing costs: Direct materials $ 80,000 Direct labor $240,000 Variable overhead $ 40,000 Fixed overhead $200,000 Nonmanufacturing costs: Variable selling $48,000 Fixed selling $20,000 There were no beginning inventories. (Round amounts to two decimal places.)

The unit product cost for the product using absorption costing would be a. $5.60 c. $5.00 b. $7.60 d. $4.00