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Granger Corp. produces a single product and has the following cost structure: ...

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Accounting

Granger Corp. produces a single product and has the following cost structure:

Number of units produced each year 6000

Variable costs per unit:
Direct materials $43
Direct labor $13
Variable manufacturing overhead $5
Variable selling and Administrative expense $1
Fixed costs per year:
Fixed manufacturing overhead $204,000
Fixed selling and Admin expense $138,000

The absorption costing unit product cost is:

1. $56

2. $95

3. $119

4. $61

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