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builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs. Variable Costs per Unit
builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs. Variable Costs per Unit $8.10 Direct materials $3.73 Direct labor $6.26 Variable manufacturing overhead Variable selling and administrative expenses $4.21 Fixed Costs per Year $248,400 Fixed manufacturing overhead $226,908 Fixed selling and administrative expenses Siren Company sells the fishing lures for $27. During 2020, the company sold 82,000 lures and produced 92,000 lures. Assuming the company uses variable costing, calculate concords manufacturing costs per unit for 2020. Manufacturing cost per unit_____ b. Prepare a variable costing income statement for 2020. c. Assuming the company uses absorption costing, calculate Siren's manufacturing cost per unit for 2020. d. Prepare an absorption costing income statement for 2020
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