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During 2022. Splish Corp. produced 30,000 units and sold 30.000 for $16.00 per unit. Variable manufacturing costs were $7.00 per unit. Annual xed manufacturing overhead
During 2022. Splish Corp. produced 30,000 units and sold 30.000 for $16.00 per unit. Variable manufacturing costs were $7.00 per unit. Annual xed manufacturing overhead was $60,000 ($2.00 per unit}. Variable selling and administrative costs were $2.00 per unit sold, and xed selling and administrative expenses were $40,000. Suppose the accountant for Splish Corp. uses normalabsorption costing and uses the budgeted volume of 50,000 units to allocate the xed overhead rather than the actual production volume of 30,000 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. (a) V Your answer is correct. Calculate the manufacturing cost per unit. (Round answer to 2 decimal places, 8.3. 5.25.) Manufacturingcost $ per unit Attempts: 1 of 2 used (bl Prepare a normalabsorptioncosting income statement for the rst year of operation. SplishCorp. Income StatementNormal-Absorption Costing v 35 v v $ v v V v v v v : v
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