Knowledge Check 01 Stuart Company uses the total cost method to set their selling price. Management expects to produce and sell 50,000 units of the company's product. Variable costs include product costs of $20 per unit and selling, general and administrative costs of $10 per unit. Fixed costs include overhead of $200,000 and selling, general and administrative costs of $50,000. Total cost and total cost per unit equal: O $750,000 and $15. O $1,200,000 and $24. O $1,750,000 and $35. $1,500,000 and $30.

Stuart Company uses the total cost method to set their selling price. Management expects to produce and sell 50,000 units of the company's product. Variable costs include product costs of $20 per unit and selling. general and odministrative costs of $10 per unit. Fixed costs include overhead of $200,000 and selling. generat and administrative costs of $50,000. Total cost and total cost per unit equal; $750,000 and $15, $1,200,000 and $24 $1.750.000 and $35. $1,500,000 and $30