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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 $8.10 Direct labor $2.65 Variable manufacturing overhead $6.21 Variable selling and administrative expenses $4.21 Fixed Costs per Year Fixed manufacturing overhead $253,383 Fixed selling and administrative expenses $259,308 Polk Company sells the fishing lures for $27.00. During 2012, the company sold 80,300 lures and produced 94,900 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.) Manufacturing cost per unit $ Link to Text By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 0 of 3 used Save for later Submit Answer Expand question part (b)The parts of this question must be completed in order. This part will be available when you complete the part above. Expand question part (c)The parts of this question must be completed in order. This part will be available when you complete the part above. Expand question part (d)The parts of this question must be completed in order. This part will be available when you complete the part above.
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