Asian Windows manufactures a hand-painted bamboo window shade for standard-size windows. Production and sales data for 2020 are as follows:

Variable manufacturing costs		$40	per shade
Fixed manufacturing costs		$98,800
Variable selling and administrative expenses		$9	per shade
Fixed selling and administrative expenses		$250,100
Selling price		$97	per shade
Units produced		10,400	shades
Units sold		8,640	shades

Assume the company uses normal costing and uses the budgeted volume of 9,500 units to allocate the fixed overhead rate rather than the actual production volume of 10,400 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. Do the following: 1. Calculate the manufacturing cost per unit. (Round answer to 2 decimal places, e.g. 15.25.)

Manufacturing cost $_____________per unit

2. Prepare a normal-costing income statement for 2020. (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places.)

Question 4 Asian Windows manufactures a hand-painted bamboo window shade for standard-size windows. Production and sales data for 2020 are as follows: Variable manufacturing costs $40 per shade Fixed manufacturing costs $98,800 Variable selling and administrative expenses $9 per shade Fixed selling and administrative expenses $250,100 Selling price $97 per shade Units produced 10,400 shades Units sold 8,640 shades (a) Assume the company uses normal costing and uses the budgeted volume of 9,500 units to allocate the fixed overhead rate rather than the actual production volume of 10,400 units. The company expenses production volume variance to cost of goods sold in the accounting period in which occurs. Do the following: 1. Calculate the manufacturing cost per unit. (Round answer to 2 decimal places, e.g. 15.25.) Manufacturing cost per unit 2. Prepare a normal-costing income statement for 2020. (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answers to o decimal places.) ASIAN WINDOWS Income Statement-Normal Costing For the Year Ended December 31, 2020 Sales Cost of goods sold Beginning inventory Add Costs of goods manufactured Cost of goods sold Add Volume variance Gross margin Less Selling and administrative expenses Net income