Hayes Inc. provided the following information for the current year: Beginning inventory 100 units Units produced 750 units Units sold 800 units Selling price $ 150 /unit Direct materials $ 35 /unit Direct labor $ 16 /unit Variable manufacturing overhead $ 15 /unit Fixed manufacturing overhead $ 24,000 /yr Variable selling/administrative costs $ 8 /unit Fixed selling/administrative costs $ 15,500 /yr What is the unit product cost for the year using variable costing?

Do it! review 16-3 the assembly department for right pens has the following production data for the current month. beginning work in process units transferred out ending work in process 0 22,500 16,000 materials are entered at the beginning of the process. the ending work in process units are 70% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs. materials conversion costs the equivalent units of production