Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 19 of 22 < > -/4 Splish's Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2022,

image text in transcribedimage text in transcribed

Question 19 of 22 < > -/4 Splish'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 Direct labour $6.50 2.80 Variable manufacturing overhead 5.95 Variable selling and administrative expenses 3.60 Fixed costs for year Fixed manufacturing overhead $352,980 Fixed selling and administrative expenses 239,400 Splish's Company sells the fishing lures for $26.00. During 2022, the company produced 95,400 lures and sold 71,700. Assuming the company uses absorption costing, calculate Splish's manufacturing cost per unit for 2022. (Round per unit calculations and final answer to 2 decimal places, e.g. 15.25.) Manufacturing cost per unit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting A Contemporary Approach

Authors: David Haddock, John Price, Michael Farina

2nd edition

73396958, 978-0077630461, 77630467, 978-0073396958

More Books

Students also viewed these Accounting questions

Question

Who is already informed about the project?

Answered: 1 week ago

Question

What financial means are available to me?

Answered: 1 week ago

Question

What human resources are at my disposition?

Answered: 1 week ago