Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the c...

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Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incur

Prepare a variable costing income statement for 2020. (Enter negative amounts using either a negative sin preceding the numbe

Your answer is correct. Assuming the company uses absorption costing, calculate Sirens manufacturing cost per unit for 2020.

business accounting

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Answer 1

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Direct materials Direct labor Variable manufacturing overhead Manufacturing cost per unitv(as per variable costing) $ 8.700 $

Income statement For the year ended December 31, 2020 Variable costing Sales (82,000x$29) Variable cost of goods sold (82,000

Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead (266,800/92,000) Manufacturing cos

Income statement For the year ended December 31, 2020 Absorption costing Sales (82,000x$29) Cost of goods sold (82,000x 22.33

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Answer 2

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Exercise 6-17 Siren Company builds custom fishing lures for sporting goods stores. In its first year...