tudy l 1 Gene Sells A Trail Felde Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2014, the company incurred the following costs Direct materials Direct labor Varlable manufacturing overhead $7.50 $2.45 $5.8 $3.90 Variable selling and administrative expenses Fixed manufacturing overhead Fixed selling and administrative expenses $225,000 $240,100 for $25. During 2014, the company sold 80,000 lures and produced 90,000 lures Your answer is incorrect. Try again. the company uses variable costing, calculate Felde's manufacturing cost per unit for 2014. Round answer to 2 decimal places, e-g.10.so.) Manufacturing cost per unit 2 Your answer is partially correct. Try again. Prepare a variable costing income statement for 2014. FELDE COMPANY Income Statement For the Year Ended December 31, 2014 Variable Costing 312000 572 2B00 Fixed Seling and Administrative Experses240100 651 er is incorrect. Try again