Exercise 20-17

C. Assuming the company uses absorption costing, calculate Siren's manufacturing cost per unit for 2017.

D. Prepare an absorption costing income statement for 2017.

Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2017, the company incurred the following costs. Varlable Costs per Unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $7.95 $3.66 $6.15 $4.13 Fixed Costs per Year Fixed manufacturing overheacd Fixed selling and administrative expenses $251,750 $222,706 Siren Company sells the fiahing tures for $26.50. During 2017, the company sold 81,00 lures and produced 95,o00 lures. 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 $177 Attempts: 1 of 3 used