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 UnitDirect materials$7.50Direct labor$2.45Variable manufacturing overhead$5.8Variable selling and administrative expenses$3.90Fixed Costs per YearFixed manufacturing overhead$225,000Fixed selling and administrative expenses$240,100

Felde Company sells the fishing lures for $25. During 2014, the company sold80,000lures and produced90,000lures.

Exercise 19-17 Felde Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2014, the company incurred the following costs. Direct materials $7.50 Direct labor $2-45 Variable manufacturing overhead $5.8 Variable selling and administrative expenses $3.90 Fixed manufacturing overhead $225,000 Fixed selling and administrative expenses $240,100 Felde Company sells the fishing lures for $25. During 2014, the company sold 80,000 lures and produced 90,000 lures. Assuming the company uses variable costing, calculate Felde's manufacturing cost per unit for 2014. (Round answer to 2 decimal places, e.g.10.50.) Manufacturing cost per unit $ I Prepare a variable costing income statement for 2014. FELDE COMPANY Income Statement For the Year Ended December 31, 2014 Variable Costing $ a a a a Assuming the company uses absorption costing, calculate Felde's 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. FELDE COMPANY Income Statement For the Year Ended December 31, 2014 Absorption Costing