required information\nuse the following information for the quick study below. (algo)\nthe following…

required information\nuse the following information for the quick study below. (algo)\nthe following information applies to the questions displayed below.\nvintage company reports the following information.\ndirect materials $10.90 per unit\ndirect labor $20.90 per unit\nunits produced 29,000 units\nvariable overhead $10.90 per unit\nfixed overhead $258,100 per year\nqs 18 - 24b (algo) computing unit cost under variable costing lo p4\ncompute its product cost per unit under variable costing.\nnote: round your final answer to 2 decimal places.\nusing variable costing: per unit\nproduct cost per unit

required information\nuse the following information for the quick study below. (algo)\nthe following information applies to the questions displayed below.\nvintage company reports the following information.\ndirect materials $10.90 per unit\ndirect labor $20.90 per unit\nunits produced 29,000 units\nvariable overhead $10.90 per unit\nfixed overhead $258,100 per year\nqs 18 - 24b (algo) computing unit cost under variable costing lo p4\ncompute its product cost per unit under variable costing.\nnote: round your final answer to 2 decimal places.\nusing variable costing: per unit\nproduct cost per unit

Answer

Explanation:

Step1: Identify variable - cost components

Variable - cost components are direct materials, direct labor, and variable overhead.

Step2: Calculate product cost per unit

Product cost per unit = Direct materials per unit+Direct labor per unit + Variable overhead per unit Given direct materials per unit = $10.90, direct labor per unit = $20.90, variable overhead per unit = $10.90. Product cost per unit=$10.90 + $20.90+$10.90 $=42.70$

Answer:

$42.70$