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9 of 9 < > Pharoah's Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2022, the company incurred
9 of 9 < > Pharoah's Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2022, the company incurred the following costs: Variable cost per unit Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative expenses Fixed costs for year $6.70 2.80 5.95 3.85 Fixed manufacturing overhead $364,420 Fixed selling and administrative expenses 239,100 Pharoah's Company sells the fishing lures for $25.00. During 2022, the company produced 95.900 lures and sold 79,600. Pharoah's Company sells the fishing lures for $25.00. During 2022, the company produced 95,900 lures and sold 79,600. (a) Assuming the company uses variable costing, calculate Pharoah's manufacturing cost per unit for 2022. (Round per unit calculations and final answer to 2 decimal places, eg. 15.25.) Manufacturing cost I Thi eTextbook and Media Save for Later per unit Attempts: 0 of 3 used Submit Answer Vaughn Products manufactures and sells a variety of camping products. Recently the company opened a new factory to manufacture a deluxe portable cooking unit. Cost and sales data for the first month of operation are shown below: Beginning inventory Units produced Units sold Manufacturing costs Fixed overhead Variable overhead Direct labour Direct material Selling and administrative costs Fixed Variable: 0 units 10,600 9,300 $84,800 $4 per unit $10 per unit $26 per unit $198,200 $3 per unit sold The portable cooking unit sells for $112. Management is interested in the opening month's results and has asked for an income statement. Assuming the company uses absorption costing: (a) Calculate the manufacturing cost per unit. Manufacturing cost $ eTextbook and Media Save for Later per unit Attempts: 0 of 3 used Submit
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