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Felde company builds custom fishing lures for sporting goods stores. In its first year of operation, 2014 the company incurred the following costs. Felde Company
Felde company builds custom fishing lures for sporting goods stores. In its first year of operation, 2014 the company incurred the following costs. Felde Company sells the fishing lures for $27.00. During 2014, the company sold 80,500 lures and produced 95,500 lures. Assuming the company uses variable costing, calculate Feld's manufacturing cost per unit for 2014 (Round answer to 2 decimal places, i.e. 12.50.) Prepare a variable costing income statement for 2014. Assuming the company uses absorption costing, calculate Felde's manufacturing cost per unit for 2014. Prepare an absorption costing income statement for 2014
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