QUESTION 1 A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning Inventory 0 Units produced 8,900 Units sold 8,500 Units in ending inventory 400 Variable costs per unit: Direct materials $ 21 Direct labor $ 25 Variable manufacturing overhead $4 Variable selling and administrative expense $ 4 Fixed costs: Fixed manufacturing overhead $ 249,200 Fixed selling and administrative expense $ 17,000 What is the variable production cost per unit for the month? O $83 per unit $87 per unit $55 per unit O $50 per unit