Marigold Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs.

Variable Costs per Unit

Direct materials $7.95

Direct labor $3.66

Variable manufacturing overhead $6.15

Variable selling and administrative expenses $4.13

Fixed Costs per Year

Fixed manufacturing overhead $235,850

Fixed selling and administrative expenses $222,706

Marigold Company sells the fishing lures for $26.50. During 2020, the company sold 79,000 lures and produced 89,000 lures.

Assuming the company uses variable costing, calculate Marigold's manufacturing cost per unit for 2020. (Round answer to 2 decimal places, e.g. 10.50.)

Manufacturing cost per unit $

Prepare a variable costing income statement for 2020. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Assuming the company uses absorption costing, calculate Marigold's manufacturing cost per unit for 2020. (Round answer to 2 decimal places, e.g. 10.50.)

Manufacturing cost per unit $

Prepare an absorption costing income statement for 2020. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)