Following is the revenue and cost data for Sunland Inc. in the manufacturing of children's bedding for the year ended December 31, 2022: Direct materials $28.00 per bed cover Direct labour $12.00 per bed cover Variable manufacturing overhead $10.00 per bed cover Fixed manufacturing overhead $9,744 Variable selling and administrative expenses $16.00 per bed cover Fixed selling and administrative expenses $85,200 Selling price $120.00 per bed cover Units produced and sold 10000 bed covers Assume the company uses normal-absorption costing and uses the budgeted volume of 11,200 units to allocate the xed overhead rate rather than the actual production volume of 10,000 units. The company expenses production volume variances to cost of goods sold in the accounting period in which they occur. Calculate the unit manufacturing cost. (Round per unit calculations and final answer to 2 decimal places, e.g. 15.25.) Manufacturing cost $ per unit\fSunland Inc Calculation of Manufacturing Cost S.No Particulars Cost per unit A Direct Materials $ 28.00 B Direct Labor S 12.00 C Variable Manufacturing Overhead 10.00 D Fixed Manufacturing Overhead 0.87 $9,744 / 11, 200 units) E Manufacturing Cost per unit (A + B + C + D) S 50.87 Sunland Inc Income Statement For the year ended December 31, 2022 Using Normal - Absorption Costing Approach Particulars Amount Sales (10,000 units * $120) $ 12,00,000 Less: Variable Cost of Goods Sold S 5,00,000 10,000 units * ($28 + $12 + $10)) Variable Selling & Administrative expenses S 1,60,000 (10,000 units * $16 per unit)) Contribution Margin $ 5,40,000 Less: Fixed Manufacturing overhead $ 9,744 Fixed Selling & Administrative expenses $ 85,200 Net Profit $ 4,45,056