Calculate the unit product cost using absorption costing. Round your answer to the nearest cent.
Use the following information for Short Exercises.
Martin Company had the following costs:
Units produced ................................................... 320 units
Direct materials ............................................... $ 71 per unit
Direct labor ...................................................... 40 per unit
Variable manufacturing overhead ............................ 13 per unit
Fixed manufacturing overhead ............................ 7,360 per year
Variable selling and administrative costs .................... 22 per unit
Fixed selling and administrative costs ................... 1,920 per year