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

$7.58

Direct labor

$2.47

Variable manufacturing overhead

$5.81

Variable selling and administrative expenses

$3.94

Fixed Costs per Year
Fixed manufacturing overhead		$237,048
Fixed selling and administrative expenses		$242,501

Felde Company sells the fishing lures for $25.25. During 2014, the company sold 80,900 lures and produced 95,200 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.