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 |
$7.80 |
| Direct labor |
$3.59 |
| Variable manufacturing overhead |
$6.03 |
| Variable selling and administrative expenses |
$4.06 |
| |
| Fixed Costs per Year |
| Fixed manufacturing overhead |
$239,200 |
| Fixed selling and administrative expenses |
$218,504
|
Siren Company sells the fishing lures for $26.00. During 2017, the company sold 79,000 lures and produced 92,000 lures.
a) Exercise-
Assuming the company uses variable costing, calculate Siren's manufacturing cost per unit for 2017. (Round answer to 2 decimal places, e.g.10.50.)