Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 4 Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2017, the company incurred the following costs.
Question 4 Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2017, the company incurred the following costs. Variable Costs per Unlt Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $8.10 $3.73 $6.26 $4.21 Fixed Costs per Year Flxed manufacturing overhead $253,800 $226,908 Fixed selling and administrative expenses Siren Company sells the fishing lures for $27.00. During 2017, the company sold 80,000 lures and produced 94,000 lures. Assuming the company uses variable costing, caloulate Siren's manufacturing cost per unit for 2017. (Round answer to 2 decimal places e.g.10.50) Manufacturing cost per unit $ eTextbook and Media Prepare a variable costing income statement for 2017.(Enter negative amounts using elther a negative sign preceding the n parentheses eg. (45).) SIREN COMPANY Income Statement Variable Costing eTextbook and Media tine ralculate Siren's manufacturing cost per unit for 2017. (Round answer to 2 decim ssuming the company uses absorption costing, calculate Siren's manufacturing cost per unit for 2017.(Round answer to 2 decimal places eg.10.s0.) Manufacturing cost perunit $ eTextbook and Media Prepare an absorption costing income statement for 2017, (Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses eg. (45)) SIREN COMPANY Income Statement Absorption Costing eTextbook and Media
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started