Calculate polks manufacturing cost per unit

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Reference no: EM13183557

Polk Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2012, the company incurred the following costs.

Variable Cost per Unit
Direct materials		$8.18
Direct labor		$2.67
Variable manufacturing overhead		$6.27
Variable selling and administrative expenses		$4.25

Fixed Costs per Year
Fixed manufacturing overhead		$257,164
Fixed selling and administrative expenses		$261,709

Polk Company sells the fishing lures for $27.25. During 2012, the company sold81,100lures and produced95,600lures.

a) Assuming the company uses variable costing, calculate Polk's manufacturing cost per unit for 2012. (Round answer to 2 decimal places, e.g.10.50.)

b)The parts of this question must be completed in order. This part will be available when you complete the part above.

Reference no: EM13183557

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