The unit product cost under absorption costing in Year 1 is closest to:

A) $36.00
B) $21.00
C) $57.00
D) $62.00

Absorption Costing

A costing approach that incorporates all costs related to manufacturing, including both fixed and variable costs, into the price of a product.

Unit Product Cost

The total expense incurred to produce, manufacture, or acquire a single unit of a product, including direct labor, materials, and overhead costs.

Year 1

The first year in a given time period, often used as a baseline for analysis in financial contexts or project planning.