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

Answer

Explanation:

Step1: Recall variable costing components

Under variable costing, product cost per unit includes direct materials, direct labor, and variable overhead.

Step2: Calculate product cost per unit

[ \begin{align*} \text{Product cost per unit}&=\text{Direct materials per unit}+\text{Direct labor per unit}+\text{Variable overhead per unit}\ &= 10.90+20.90 + 10.90\ &=42.70 \end{align*} ]

Answer:

$42.70