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Tamarisk'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
Tamarisk'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 $6.75 Direct labour 2.90 5.95 Variable manufacturing overhead Variable selling and administrative expenses Fixed costs for year 3.50 Fixed manufacturing overhead $297,290 Fixed selling and administrative expenses 240,300 Tamarisk's Company sells the fishing lures for $24.00. During 2022, the company produced 95,900 lures and sold 79,300. Prepare a variable-costing income statement for 2022. (Round per unit calculations to 2 decimal places, e.g. 15.25. Enter loss using either a negative sign preceding the number e.g.-2,945 or parentheses e.g. (2,945).) TAMARISK'S COMPANY Income Statement-Variable Costing Sales ta Less Variable cost of goods sold $
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