Fortran Industries produces burner elements for stoves.Each element sells for $20,and the company sells approximately 2,000,000 elements each year.Unit cost data for the year follows: The unit cost of an element for variable costing inventory purposes is:
A)$15.50
B)$12.00
C)$10.50
D)$7.00

Question

Fortran Industries produces burner elements for stoves.Each element sells for $20,and the company sells approximately 2,000,000 elements each year.Unit cost data for the year follows:  The unit cost of an element for variable costing inventory purposes is:
A)$15.50 
B)$12.00 
C)$10.50 
D)$7.00

Quizplus · Accepted Answer

The Answer is C

Fortran Industries Produces Burner Elements for Stoves