Sandhill Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2022, the company incurred the following costs. Variable Costs per Unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses (a) $9.00 $4.14 $6.96 54.68 Sandhill Company sells the fishing lures for $3000. During 2002, the company sold 82.000 lures and produced 96.000 lures Your answer is incorrect $288.000 5252,120 Assuming the company uses variable costing, calculate Sandhil's manufacturing cost per unit for 2022. (Round answer to 2 decimal places 10.50) Manufacturing cost per unit 24.71

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sandhill Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2022, the company incurred the following costs
Variable Costs per Unit
Direct materials
Direct labor
Variable manufacturing overhead
Variable selling and administrative expenses
Fixed Costs per Year
Fixed manufacturing overhead
Fixed selling and administrative expenses
(a)
$9.00
$4.14
$6.96
54.68
Sandhill Company sells the fishing lures for $3000. During 2022, the company sold 82.000 lures and produced 96.000 lures
Your answer is incorrect
$288.000
5252,120
Assuming the company uses variable costing, calculate Sandhil's manufacturing cost per unit for 2022. (Round answer to 2 decimal places. 10.50)
Manufacturing cost per unit
24.71
Transcribed Image Text:Sandhill Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2022, the company incurred the following costs Variable Costs per Unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses (a) $9.00 $4.14 $6.96 54.68 Sandhill Company sells the fishing lures for $3000. During 2022, the company sold 82.000 lures and produced 96.000 lures Your answer is incorrect $288.000 5252,120 Assuming the company uses variable costing, calculate Sandhil's manufacturing cost per unit for 2022. (Round answer to 2 decimal places. 10.50) Manufacturing cost per unit 24.71
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