RHO Company began operations on January 1 and produces a single product that sells for $10.25 per unit. The standard capacity is 80,000 units per year. Of the 80,000 units that were produced, 70,000 were sold during the year. Manufacturing costs and selling and administrative expenses were as follows:

 What is the standard manufacturing cost of a unit of product?

Materials Direct labor Manufacturing overhead Selling and administrative expenses Fixed costs wwwwwwwwwwwwww www $120,000 $80,000 Variable costs www $2.50 per unit $1.50 per unit $1.00 per unit produced $0.50 per unit sold wwwwww.www.