TB MC Qu. 7-31 (Static) Mullee Corporation produces a single product... m Mullee Corporation produces a single product and has the following cost structure: Number of units produced each year 7,000 Variable costs per unit: Direct materials kipped $ 51 Direct labor $ 12 Variable manufacturing overhead $ 2 Variable selling and administrative expense Fixed costs per year: Fixed manufacturing overhead $441, 000 Fixed selling and administrative expense $112, 000 The absorption costing unit product cost is