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Bob's Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs: $6.70 2.95
Bob's Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs: $6.70 2.95 5.80 Variable cost per unit Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative expenses Fixed costs for year Fixed manufacturing overhead Fixed selling and administrative expenses 4.00 $344,520 240,400 Bob's Company sells the fishing lures for $25. During 2020, the company sold 79,300 lures and produced 95,700 lures. Your answer has been saved. See score details after the due date. Assuming the company uses variable costing, calculate Bob's manufacturing cost per unit for 2020. (Round answer to 2 decima! places, eg. 15.25.) Manufacturing cost 15.45 per unit e Textbook and Media Attempts: 1 of 1 used (b) Prepare a variable-costing income statement for 2020. (Enter loss using either a negative sign preceding the number eg. -2,945 or parentheses eg. (2,945).) BOB'S COMPANY Income Statement-Variable Costing For the Year Ended December 31, 2020 Sales $ 1982500 Less : Variable costs Variablecosts of goods manufactured 1225185 Variable selling and administrative expenses 317200 Total variablecosts Contribution margin Less Fixed costs Variablecosts of goods manufactured Variable selling and administrative expenses Total fixed costs Loss $ $
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