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Felde Company builds custom fishing lures for sporting goods stores. In its first Comp year of operations, 2014, the company incurred the following costs. prepar under costin Variable Costs per Unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $7.50 $2.45 $5.80 $3.90 (LO 6) XLS Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $225,000 $240,100 Felde Company sells the fishing lures for $25. During 2014, the company sold 80,000 lures and produced 90,000 lures. Instructions (a) Assuming the company uses variable costing, calculate Felde’s manufacturing cost per unit for 2014. (b) Prepare a variable costing income statement for 2014. (c) Assuming the company uses absorption costing, calculate Felde’s manufacturing cost per unit for 2014. (d) Prepare an absorption costing income statement for 2014.