During 2020, Rafael Corp. produced 41,280 units and sold 41,280 for $14 per unit. Suppose the accountant for Rafael Corp. uses normal costing and uses the budgeted volume of 51,600 units. Variable manufacturing costs were $6 per unit. Annual fixed manufacturing overhead was $82,560 ($2 per unit). Variable selling and administrative costs were $2 per unit sold, and fixed selling and administrative expenses were $20,640. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs.

Calculate the manufacturing cost per unit. ( Round answer to 2 decimal places, e.g. 5.25.) Manufacturing cost per unit Prepare a normal-costing income statement for the first year of operation. Rafael Corp. Income Statement-Normal Costing