Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2017, the company incurred the following costs.
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Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2017, the company incurred the following costs.
| Variable Costs per Unit | ||
| Direct materials | $8.18 | |
| Direct labor | $3.76 | |
| Variable manufacturing overhead | $6.32 | |
| Variable selling and administrative expenses | $4.25 | |
| Fixed Costs per Year | ||
| Fixed manufacturing overhead | $251,160 | |
| Fixed selling and administrative expenses | $229,009 |
Siren Company sells the fishing lures for $27.25. During 2017, the company sold 80,000 lures and produced 92,000 lures.
10 years ago
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