Exercise 20-17 (Part Level Submission)

Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2017, the company incurred the following costs.

Exercise 20-17 (Part Level Submission) Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2017, the company incurred the following costs. Variable Costs per Unit Direct materials $7.50 Direct labor $3.45 Variable manufacturing overhead $5.80 $3.90 Variable selling and administrative expenses Fixed costs per Year $225,000 Fixed manufacturing overhead $210,100 Fixed selling and administrative expenses Siren Company sells the fishing lures for $25. During 2017, the company sold 80,000 lures and produced 90,000 lures. (a) Your answer is correct. Assuming the company uses variable costing, calculate Siren's manufacturing cost per unit for 2017. (Round answer to 2 decimal places, e.g.10.50.) Manufacturing cost per unit 16.75 SHOW SOLUTION LINK TO TEXT Attempts: 1 of 5 used