Posted: April 3rd, 2017

Advanced Company reports the following information for the current year

Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year.
Units produced this year: 25,000 units
Units sold this year: 15,000 units
Direct Materials: $9 per unit
DIrect Labor: $11 per hour
Variable overhead: $75,000 in total
Fixed overhead: $137,500 in total
Given Advanced Company’s data, compute cost per unit of finished goods under variable costing.