Time Again, LLC produces and sells a mantel clock for $100 per unit. In 2017, 42,125 clocks were produced and 37,958 were sold. Other information for the year includes:
Direct materials | $43 per unit |
Direct manufacturing labor | $5 per unit |
Variable manufacturing costs | $3 | .50 per unit |
Sales commissions | $14 | .50 per part |
Fixed manufacturing costs | $65 | .00 per unit |
Administrative expenses, all fixed | $37 | .50 per unit |
What is the inventoriable cost per unit using variable costing?
◦ $66.00
◦ $51.50
◦ $48.00
◦ $103.50