During 2020, Rafael Corp. produced 40,800 units and sold 40,800 for $16 per unit. Suppose the accountant for Rafael Corp. uses normal costing and uses the budgeted volume of 51,000 units. Variable manufacturing costs were $7 per unit. le selling and administrative costs were $2 per unit sold, and fixed selling and administrative expenses were $20,400. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. Question 35 Your answer is correct. Calculate the manufacturing cost per unit. (Round answer to 2 decimal places, e.q. 5.25.) s18.6 per unit Manufacturing cost Attempts: 1 of 2 used *Question 35 Your answer is partially correct. Try again. Prepare a normal-costing income statement r the first year of operation. Rafael Corp. nD 31 3030 652800 ISales Cost of goods sold Beginning inventory add: ICosts of goods manufactured 408000 Ending inventory 408000 495720 Add: Volume variance 87720 157080 Gross margin Tadd 102000 Selling and administrative expenses 55080 Operating income before tax)