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Home / Questions / Exercise 19 17 Part Level Submission Siren Company builds custom fishing lures for sportin...

Exercise 19 17 Part Level Submission Siren Company builds custom fishing lures for sporting goods stores In its first year of operations 2017 the company incurred the following costs Variable

Exercise 19-17 (Part Level Submission) Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2017, the company incurred the following costs. Variable Costs per Unit Direct materials $7.88 Direct labor $3.62 Variable manufacturing overhead $6.09 Variable selling and administrative expenses $4.10 Fixed Costs per Year Fixed manufacturing overhead $234,070 Fixed selling and administrative expenses $220,605 Siren Company sells the fishing lures for $26.25. During 2017, the company sold 80,000 lures and produced 89,000 lures. Collapse question part (a) Correct answer. Your answer is correct.

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 $Entry field with correct answer 17.59 SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used Collapse question part (b) 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).) SIREN COMPANY Income Statement Variable

Costing $ $ $ I answered the first part, but I need help solving the second part. Help!

 

Apr 08 2020 View more View Less

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