Question

Bridgeport's Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2022, the company incurred the following costs: Variable cost per unit Direct materials $6.95 Direct labour 2.80 Variable manufacturing overhead 5.95 Variable selling and administrative expenses 3.60 Fixed costs for year Fixed manufacturing overhead $411,510 Fixed selling and administrative expenses 240,300 Bridgeport's Company sells the fishing lures for $27.00. During 2022, the company produced 95,700 lures and sold 71,600. (a) Your answer is correct. Assuming the company uses absorption costing, calculate Bridgeport's manufacturing cost per unit for 2022. (Round per unit calculations and final answer to 2 decimal places, e.g. 15.25.) Manufacturing cost $ 20.00 per unit

          Bridgeport's Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2022, the company incurred
the following costs:
Variable cost per unit
Direct materials
$6.95
Direct labour
2.80
Variable manufacturing overhead
5.95
Variable selling and administrative expenses
3.60
Fixed costs for year
Fixed manufacturing overhead
$411,510
Fixed selling and administrative expenses
240,300
Bridgeport's Company sells the fishing lures for $27.00. During 2022, the company produced 95,700 lures and sold 71,600.
(a)
Your answer is correct.
Assuming the company uses absorption costing, calculate Bridgeport's manufacturing cost per unit for 2022. (Round per unit
calculations and final answer to 2 decimal places, e.g. 15.25.)
Manufacturing cost
$
20.00
per unit

Bridgeport's Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2022, the company incurred
the following costs:
Variable cost per unit
Direct materials
6.95
Direct labour
2.80
Variable manufacturing overhead
5.95
Variable selling and administrative expenses
3.60
Fixed costs for year
Fixed manufacturing overhead411,510
Fixed selling and administrative expenses
240,300
Bridgeport's Company sells the fishing lures for 27.00. During 2022, the company produced 95,700 lures and sold 71,600.
(a)
Your answer is correct.
Assuming the company uses absorption costing, calculate Bridgeport's manufacturing cost per unit for 2022. (Round per unit
calculations and final answer to 2 decimal places, e.g. 15.25.)
Manufacturing cost
20.00
per unit

Added by Mireia R.

Question

Please give Ace some feedback