QUESTION 12 Mennig Corporation produces a single product and has the following cost structure: Number of units produced each year ......................... 8,000 Variable costs per unit: Direct materials 526 Direct labor ................... $59 Variable manufacturing overhead ___________________________ S7 Variable selling and administrative expenses ........ 52 Fixed costs per year: Fixed manufacturing overhead ............................... $720,000 Fixed selling and administrative expenses ............. $352,000 The unit product cost under variable costing is: $182 $92 $87 $94 QUESTION 13 The Cost of Goods Manufactured represents: the amount of cost charged to jobs during the period. the amount of cost transferred from Finished Goods to Cost of Goods Sold during the period. the amount of cost placed into production during the period. the cost of goods completed during the current year whether they were started before or during the current year