Polk company builds custom fishing lures for sporting goods

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Reference no: EM13392461

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		$7.80
Direct labor		$2.55
Variable manufacturing overhead		$5.98
Variable selling and administrative expenses		$4.06

Fixed Costs per Year
Fixed manufacturing overhead		$246,977
Fixed selling and administrative expenses		$249,704

Polk Company sells the fishing lures for $26.00. During 2012, the company sold 81,300 lures and produced 96,100 lures.

Reference no: EM13392461

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