Assume a company had the following production costs: Direct labor $ 2 per unit Direct material $ 3 per unit Variable overhead $ 4 per unit Total variable $ 9 per unit Fixed overhead ($50,000/10,000 units) $ 5 per unit Total production cost $ 14 per unit Under absorption costing, the total product cost per unit when 4,000 units are produced would be $22.50. True or False True False
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