Question 35 of 36 - / 15 III View Policies Current Attempt in Progress During 2022, Waterway Corp.produced 39,040 units and sold 39,040 for $16.00 per unit. Variable manufacturing costs were $4.00 per unit. Annual fixed manufacturing overhead was $78,080 ($2.00 per unit). Variable selling and administrative costs were $2.00 per unit sold, and fixed selling and administrative expenses were $19,520. Suppose the accountant for Waterway Corp. uses normal-absorption costing and uses the budgeted volume of 48,800 units to allocate the fixed overhead rather than the actual production volume of 39,040 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. (a) Calculate the manufacturing cost per unit. (Round answer to 2 decimal places, eg. 5.25.) Manufacturing cost $ 1 per unit Save for Later Attempts: 0 of 2 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above