Saved Smidt Corporation has provided the following data for its two most recent years of operation: Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials 9 Direct labor 27 Variable manufacturing overhead Fixed nanufacturing overhead per year $140, 000 selling and administrative expenses: Variable selling and adninistrative expense per unit sold Fixed selling and administrative expense per year $ 65,000 Year 1 Year 2 Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory 0 3, 000 10,000 7,000 7,000 6,000 3, 000 4,000 The unit product cost under variable costing in Year 1 is closest to: Multiple Choice $19.00 Prev 5 of 12