Exercise 19-17 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 $4.25 Variable selling and administrative expenses Fixed Costs per Year $251,160 Fixed manufacturing overhead 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