Rits 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	$5.75
	Direct labour	3.95
	Variable manufacturing overhead	6.80
	Variable selling and administrative expenses	4.80
Fixed costs for year
	Fixed manufacturing overhead	$362,140
	Fixed selling and administrative expenses	140,400

Bonitas Company sells the fishing lures for $22.00. During 2022, the company produced 95,300 lures and sold 80,000.

Sales Less Variable sell Contributi Income Statement-Variable For the Month Ended December 31, 2022 $ Variable cc VENDUD LA Costing $ 80000 11