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please show your work. Ivanhoe Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2025, the company incurred the
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Ivanhoe Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2025, the company incurred the following costs. Ivanhoe Company sells the fishing lures for $27.00. During 2025 , the company sold 82,000 lures and produced 92,000 lures. Assuming the company uses variable costing, calculate Ivanhoe's manufacturing cost per unit for 2025 . (Round answer to 2 decimal places, eg. 10.50.) Manufacturing cost per unit eTextbook and Media Prepare a variable costing income statement for 2025. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses eg. (45).) IVANHOE COMPANY Income Statement For the Ouarter Ended December 31, 2025 Variable Costing Sales: Variable Cost of Goods Sold 54 Variable Selling and Administrative Expenses 513,320 \begin{tabular}{|r|} \hline 2,341,920 \\ \hline \\ \hline \end{tabular} Fixed Manufacturing Overhead Fixed Selling and Administrative Expenses Assuming the company uses absorption costing, calculate Ivanhoe's manufacturing cost per unit for 2025 . (Round answer to 2 decimal places, es. 10.50.) Manufacturing cost per unit IVANHOE COMPANY Income Statement For the Yesi Ended December 31, 2025 Absorption Costing Sales $ $ []) truehtm Step by Step Solution
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