XYZ Corporation makes a single product. Below is the data concerning its operation for the month of July. Factorty overhead is applied on the 150% of direct labor cost. Two-third of the factory overhead is fixed. The total contribution margin is $1,320,000. The company has no beginning or ending inventory. What is the direct material cost Per Unit?
Number of units sold 10,000
Selling price per unit $300
Manufacturing cost per unit $160
Variable selling expenses per unit $18
Total fixed selling expenses $54,700
Variable admin. expenses per unit $32
Total fixed admin. expenses $242,700
A. $42
B. $55
C. $84
D. $118
E. None of the above