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

A) $29.00
B) $30.00
C) $23.00
D) $36.00

Variable Costing

An accounting method that only considers variable costs (costs that change with production levels) when calculating the cost of goods sold.

Unit Product Cost

The total cost associated with producing a single unit of product, including direct materials, labor, and allocated overhead.

Year 1

Refers to the first year in a given context, such as the first year of a company's operation, the initial year of a dataset, or the first year of the Gregorian calendar.