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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: Variable cost
Bob's Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs: Variable cost per unit Direct materials $6.70 Direct labour 3.00 Variable manufacturing overhead 5.80 Variable selling and administrative expenses 3.90 Fixed costs for year Fixed manufacturing overhead $304,640 Fixed selling and administrative expenses 240,200 Bob's Company sells the fishing lures for $24. During 2020, the company sold 79,700 lures and produced 95,200 lures. (a) Assuming the company uses variable costing, calculate Bob's manufacturing cost per unit for 2020. (Round answer to 2 decimal places, e.g. 15.25.) Manufacturing cost per unit e Textbook and Media Save for Later Attempts: 0 of 3 used Submit
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