Cullumber company builds custom fishing lures for sporting goods stores. In its first year of operations, $2022,$ the company incurred the following costs.

Variable Costs per Unit:

Direct Materials: $$9\mathrm{.}60$

Direct Labor: $$4\mathrm{.}42$

Variable Manufacturing Overhead: $$7\mathrm{.}42$

Variable selling and admin. expenses: $$4\mathrm{.}99$

Fixed Costs per Year:

Fixed manufacturing overhead: $$281600$

Fixed selling and admin. expenses: $ $268929$

Cullumber company sells the fishing lures for $$32\mathrm{.}00.$ During $2022$ the company sold $79,000$ lures and produced $88,000$ lures.

Assuming the company uses absorption costing, calculate Cullumber's manufacturing cost per unit for $2022.($Round answer to $2$

decimal places, e$.$g$.10\mathrm{.}50.)$

Manufacturing cost per unit $

eTextbook and Media

Attempts: $1$ of $5$

$($d$)$

Prepare an absorption costing income statement for $2022.($Enter negative amounts using either a negative sign preceding the numb

e$.$g$.-45$ or parentheses e$.$g$.(45).)$

CULLUMBER COMPANY

Income Statement

For the Year Ended December $31,2022$

Absorption CostingPlease help fill out the Absorption cost income statement.