Exercise 19-17 (Part Level Submission) 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 Direct labor Variable manufacturing overhead Variable selling and administrative expenses $7.88 $3.62 $6.09 $4.10 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $241,960 $220,605 Siren Company sells the fishing lures for $26.25. During 2017, the company sold 80,000 lures and produced 92,000 lures. (a) Your answer is correct. 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.) Manufacturing cost per unit 1 17.59 Click if you would like to Show Work for this question: Open Show Work (b) Prepare a variable costing income statement for 2017. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SIREN COMPANY Income Statement For the Year Ended December 31, 2017 , Variable Costing Sales 2100000 Variable Cost of Goods Sold $ Variable Selling and Administrative Expenses ) Contribution Margin Fixed Manufacturing Overhead Fixed Selling and Administrative Expenses Net Income/(Loss) $