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Polk Company

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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 $7.58;Direct labor $2.47;Variable manufacturing overhead $5.81;Variable selling and administrative expenses $3.94;Fixed Costs per Year;Fixed manufacturing overhead $237,048;Fixed selling and administrative expenses $242,501;Polk Company sells the fishing lures for $25.25. During 2012, the company sold 80,900 lures and produced 95,200 lures.;Collapse question part;(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);Assuming the company uses absorption costing, calculate Polk?s manufacturing cost per unit for 2012. (Round answer to 2 decimal places, e.g.10.50.)

 

Paper#73949 | Written in 18-Jul-2015

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