t2 Homework Question 4 of 4 < -/3.75 Siren Company builds custom fishing lures for sporting...

Transcribed Image Text:

t2 Homework Question 4 of 4 < -/3.75 Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2017, the company incurred th following costs. Variable Costs per Unit Direct materials Direct labor $7.58 $3.48 Variable manufacturing overhead $5.86 Variable selling and administrative expenses $3.94 Fixed Costs per Year Fixed manufacturing overhead $237.820 Fixed selling and administrative expenses $212,201 Siren Company sells the fishing lures for $25.25. During 2017, the company sold 79,000 lures and produced 94,000 lures. Assuming the company uses variable costing, calculate Siren's manufacturing cost per unit for 2017. (Round answer to 2 decimal places, e.g.10.50.) Manufacturing cost per unit Question 4 of 4 < > -/3.75 E Prepare a variable costing income statement for 2017. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) P SIREN COMPANY Income Statement Variable Costing $ Assuming the company uses absorption costing, calculate 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 an absorption costing income statement for 2017. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SIREN COMPANY Income Statement Absorption Costing Prepare an absorption costing income statement for 2017. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SIREN COMPANY eTextbook and Media Income Statement Absorption Costing t2 Homework Question 4 of 4 < -/3.75 Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2017, the company incurred th following costs. Variable Costs per Unit Direct materials Direct labor $7.58 $3.48 Variable manufacturing overhead $5.86 Variable selling and administrative expenses $3.94 Fixed Costs per Year Fixed manufacturing overhead $237.820 Fixed selling and administrative expenses $212,201 Siren Company sells the fishing lures for $25.25. During 2017, the company sold 79,000 lures and produced 94,000 lures. Assuming the company uses variable costing, calculate Siren's manufacturing cost per unit for 2017. (Round answer to 2 decimal places, e.g.10.50.) Manufacturing cost per unit Question 4 of 4 < > -/3.75 E Prepare a variable costing income statement for 2017. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) P SIREN COMPANY Income Statement Variable Costing $ Assuming the company uses absorption costing, calculate 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 an absorption costing income statement for 2017. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SIREN COMPANY Income Statement Absorption Costing Prepare an absorption costing income statement for 2017. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SIREN COMPANY eTextbook and Media Income Statement Absorption Costing