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48 Murphy Inc., which produces a single product, has provided the following data for its...

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Accounting

48 Murphy Inc., which produces a single product, has provided the following data for its most recent month of operation:

Number of units produced 8,500
Variable costs per unit:
Direct materials $ 146
Direct labor $ 72
Variable manufacturing overhead $ 11
Variable selling and administrative expenses $ 13
Fixed costs:
Fixed manufacturing overhead $ 408,000
Fixed selling and administrative expenses $ 153,000

The company had no beginning or ending inventories.

Required:

a. Compute the unit product cost under absorption costing.

b. Compute the unit product cost under variable costing.

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