Knappert Corporation makes one product and has provided the following information:Each unit of finished goods requires 3 pounds of raw materials. The raw materials cost $5.00 per pound.The direct labor wage rate is $24.00 per hour. Each unit of finished goods requires 2.8 direct labor-hours.Manufacturing overhead is entirely variable and is $11.00 per direct labor-hour.The variable selling and administrative expense per unit sold is $3.80. The fixed selling and administrative expense per month is $50,000. The unit product cost is closest to:

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The Answer of Knappert Corporation makes one product and has provided the following information:Each unit of finished goods requires 3 pounds of raw materials. The raw materials cost $5.00 per pound.The direct labor wage rate is $24.00 per hour. Each unit of finished goods requires 2.8 direct labor-hours.Manufacturing overhead is entirely variable and is $11.00 per direct labor-hour.The variable selling and administrative expense per unit sold is $3.80. The fixed selling and administrative expense per month is $50,000. The unit product cost is closest to:

Knappert Corporation Makes One Product and Has Provided the Following