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can you help me with the ones I got wrong? Exercise 19-17 Felde Company builds custom fishing lures for sporting goods stores. In its first
can you help me with the ones I got wrong?
Exercise 19-17 Felde Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2014, the company incurred the following costs. Felde Company sells the fishing lures for $27.25. During 2014, the company sold 80,500 lures and produced 95,000 lures. Assuming the company uses variable costing, calculate Felde's manufacturing cost per unit for 2014. (Round answer to 2 decimal places, e.g.10.50.) Prepare a variable costing income statement for 2014. Assuming the company uses absorption costing, calculate Felde's manufacturing cost per unit for 2014. (Round answer to 2 decimal places, e.g.10.50.) Prepare an absorption costing income statement for 2014. Exercise 19-17 Felde Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2014, the company incurred the following costs. Felde Company sells the fishing lures for $27.25. During 2014, the company sold 80,500 lures and produced 95,000 lures. Assuming the company uses variable costing, calculate Felde's manufacturing cost per unit for 2014. (Round answer to 2 decimal places, e.g.10.50.) Prepare a variable costing income statement for 2014. Assuming the company uses absorption costing, calculate Felde's manufacturing cost per unit for 2014. (Round answer to 2 decimal places, e.g.10.50.) Prepare an absorption costing income statement for 2014Step by Step Solution
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