Question: 10/4 View Fu Show Attempt History Current Attempt in Progress Siren Company builds custom fishing lures for sporting goods stores. In its first year of

10/4 View Fu Show Attempt History Current Attempt in Progress Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2022, the company incurred the following costs. Variable Costs per Unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $7.5 $3.45 $5.8 $3.9 Fixed Costs per Year Fixed manufacturing overhead $225,000 Fixed selling and administrative expenses $210,100 Siren Company sells the fishing lures for $25. During 2022. the company sold 80,000 lures and produced 90,000 lures. Siren Company sells the fishing lures for $25. During 2022, the company sold 80,000 lures and produced 90,000 lures. (a) x Your answer is incorrect. Assuming the company uses variable costing, calculate Siren's manufacturing cost per unit for 2022. (Round answer to 2 decimal places, e.g. 10.50.) Manufacturing cost per unit $ 20.65 eTxtbook and Media Save fu. Lat Question Part Score Assistance Used Attempts: 2 of 3 used Submit Answer 0/1 45 or parentheses eg (451) SIREN COMPANY Income Statement Variable Costing Save for Later Question Part Score Attempts: 0 of 3 used Submit Answer (c) Assuming the company uses absorption costing, calculate Siren's manufacturing cost per unit for 2022. (Round answer to 2 decimal places, eg. 10.50) Manufacturing cost per unit $ eTextbox and Media Save fo. Later Question Part Score -/1 Attempts: 0 of 3 used Submit Answer -/1 preneses eg. (45).) SIREN COMPANY Income Statement Absorption Costing www.gether a negative sign preceding the number eTextbook and Media Attempts: 0 of 3 used Submit

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!