Assume the following information for a company that produced and sold 10,000 units during its first year of operations: Per Year Selling price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Using absorption costing, what is the company's unit product cost? Multiple Choice $157 $167 $127 Per Unit $ 200 $77 $ 50 $ 10 $137 $ 300,000

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.