Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurredt following costs. Varlable Costs per Unit Direct materials $10.35 Direct labor $4.76 Variable manufacturing overhead Variable selling and administrative expenses $8.00 $5.38 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $307,050 $289,938 iren Company sells the fishing lures for $34.50. During 2020, the company sold 80.000 lures and produced 89.000 lures. (a) Your answer is correct. Assuming the company uses variable costing. calculete Siren's manufacturing cost perunit for 2020 (Round answer to 2 decimal places, eg. 10.5O.) Manufacturing cost per unit 22.11

Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurredt following costs. Varlable Costs per Unit Direct materials $10.35 Direct labor $4.76 Variable manufacturing overhead Variable selling and administrative expenses $8.00 $5.38 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $307,050 $289,938 iren Company sells the fishing lures for $34.50. During 2020, the company sold 80.000 lures and produced 89.000 lures. (a) Your answer is correct. Assuming the company uses variable costing. calculete Siren's manufacturing cost perunit for 2020 (Round answer to 2 decimal places, eg. 10.5O.) Manufacturing cost per unit 22.11

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 1PB: Classify costs Cromwell Furniture Company manufactures sofas for distribution to several major...

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The pictures below are supposed to be answered using this information: Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs. Variable Costs per Unit Direct materials $10.65 Direct labor $4.90 Variable manufacturing overhead $8.24 Variable selling and administrative expenses $5.54 Fixed Costs per Year Fixed manufacturing overhead $319,500 Fixed selling and administrative expenses $298,342 Siren Company sells the fishing lures for $35.50. During 2020, the company sold 80,000 lures and produced 90,000 lures.
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