< Lab 4 WP Lab 4 education.wiley.com +88 Homework Help - Q&A from Online Tutors - Course Hero WP NWP Assessment Player Ul Application Dua Lipa, Calvin Harris, Coldplay, Martin Garrix & Kygo,... Question 8 of 10 < > - / 0.5 Kingbird's Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2022, the company incurred the following costs: Variable cost per unit Direct materials $6.60 Direct labour Variable manufacturing overhead 2.76 5.65 Variable selling and administrative expenses 3.90 Fixed costs for year Fixed manufacturing overhead $293,241 Fixed selling and administrative expenses 241,200 Kingbird's Company sells the fishing lures for $25.00. During 2022, the company produced 95,400 lures and sold 80,500. (a) Assume the company uses normal-absorption costing and uses the budgeted volume of 94,900 units to allocate the fixed overhead rate rather than the actual production volume of 95,400 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. Do the following: 1. Calculate the manufacturing cost per unit. (Round per unit calculations and final answer to 2 decimal places, e.g. 15.25.)