During 2022, Sweet Acacia Corp. produced 37,840 units and sold 37,840 for $14.00 per unit. Variable manufacturing costs were $7.00 per unit. Annual fixed manufacturing overhead was $75,680 ($2.00 per unit). Variable selling and administrative costs were $2.00 per unit sold, and fixed selling and administrative expenses were $18,920. Suppose the accountant for Sweet Acacia Corp. uses normal-absorption costing and uses the budgeted volume of 47,300 units to allocate the fixed overhead rather than the actual production volume of 37,840 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. (a) Your Answer Correct Answer Your answer is correct. Calculate the manufacturing cost per unit. (Round answer to 2 decimal places, eg, 5.25.) Manufacturing cost $ $ 8.60 per unit e Textbook and Media Attempts: 2 of 2 used (b) Prepare a normal-absorption-costing income statement for the first year of operation. Sweet AcaciaCorp. Income Statement-Normal-Absorption Costing $ $ $ $ Save for Later Attempts: 0 of 2 used Submit