Hayes Inc. provided the following information for the current year: Beginning inventory 100 units Units produced 750 units Units sold 800 units Selling price $ 150 /unit Direct materials $ 35 /unit Direct labor $ 16 /unit Variable manufacturing overhead $ 15 /unit Fixed manufacturing overhead $ 24,000 /yr Variable selling/administrative costs $ 8 /unit Fixed selling/administrative costs $ 15,500 /yr What is the unit product cost for the year using variable costing?

Exercise 2-12 cost behavior; high-low method [lo2-3, lo2-4] speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the company’s cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents per mile. if a truck is driven only 80,000 miles during a year, the average operating cost increases to 13.6 cents per mile. required: 1.& 2. using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (round the "variable cost per mile" to 3 decimal places.)