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Question 15 2 Points Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: Variable
Question 15 2 Points Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: Variable costs per unit: Direct materials $6 Direct labor $9 Variable manufacturing overhead $3 Variable selling and administrative $4 Fixed costs per year: Fixed manufacturing overhead $300,000 Fixed selling and administrative $190,000 During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product is $50 per unit. Required: What is the unit product cost under variable costing? A $30 $15 $22 $18
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