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Calculate sirens manufacturing cost per unit

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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 $7.80
Direct labor $3.59
Variable manufacturing overhead $6.03
Variable selling and administrative expenses $4.06
 
Fixed Costs per Year
Fixed manufacturing overhead $239,200
Fixed selling and administrative expenses

$218,504

Siren Company sells the fishing lures for $26.00. During 2017, the company sold 79,000 lures and produced 92,000 lures.

a) Exercise-

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.)

Reference no: EM131804866

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