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 per year 29,000 units\nvariable overhead $ 10.90 per unit\nfixed overhead $ 258,100 per year\nqs 19 - 1 (algo) computing unit cost under absorption costing lo p1\ncompute product cost per unit under absorption costing.\nnote: round your answers to 2 decimal places.\nproduct cost per unit using absorption 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 per year 29,000 units\nvariable overhead $ 10.90 per unit\nfixed overhead $ 258,100 per year\nqs 19 - 1 (algo) computing unit cost under absorption costing lo p1\ncompute product cost per unit under absorption costing.\nnote: round your answers to 2 decimal places.\nproduct cost per unit using absorption costing per unit\nproduct cost per unit

Answer

Explanation:

Step1: Calculate fixed overhead per unit

Fixed overhead per unit = $\frac{\text{Total fixed overhead}}{\text{Units produced per year}}$ = $\frac{258100}{29000}= 8.90$

Step2: Calculate product cost per unit

Product cost per unit = Direct materials per unit + Direct labor per unit + Variable overhead per unit + Fixed overhead per unit = $10.90 + 20.90+10.90 + 8.90$ = $51.60$

Answer:

$51.60$