Felde Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2014, the company incurred the following costs.

Variable Costs per Unit
Direct materials		$8.25
Direct labor		$2.70
Variable manufacturing overhead		$6.33
Variable selling and administrative expenses		$4.29
Fixed Costs per Year
Fixed manufacturing overhead		$259,760
Fixed selling and administrative expenses		$264,110

Felde Company sells the fishing lures for $27.50. During 2014, the company sold 81,400 lures and produced 95,500 lures.

Assuming the company uses variable costing, calculate Feldes manufacturing cost per unit for 2014. (Round answer to 2 decimal places, e.g.10.50.)

Manufacturing cost per unit

Prepare a variable costing income statement for 2014.

Assuming the company uses absorption costing, calculate Feldes manufacturing cost per unit for 2014. (Round answer to 2 decimal places, e.g.10.50.)

Manufacturing cost per unit

Prepare an absorption costing income statement for 2014.

Manufacturing cost per unit

Prepare a variable costing income statement for 2014.

Assuming the company uses absorption costing, calculate Feldes manufacturing cost per unit for 2014. (Round answer to 2 decimal places, e.g.10.50.)

Prepare an absorption costing income statement for 2014. Manufacturing cost per unit