Assume a Company Had the Following Production Costs

True/False

Assume a company had the following production costs.
Under absorption costing, the total production cost per unit when 4,000 units are produced would be $22.50.
$$\begin{array} { l l } \text { Direct labor } & \$ 20,000 \\\text { Direct material } & \$ 30,000 \\\text { Variable overhead } & \$ 40,000 \\\text { Fixed overhead } & \$ 50,000\end{array}$$