Exercise 6-17 (Part Level Submission) Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs. Variable Costs per Unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $10.65 $4.90 $8.24 $5.54 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $319,500 $298,342 Siren Company sells the fishing lures for $35.50. During 2020, the company sold 80,000 lures and produced 90,000 lures. v (a) Your answer is correct. Assuming the company uses variable costing, calculate Siren's manufacturing cost per unit for 2020. (Round answer to 2 decimal places, e.g. 10.50.) Manufacturing cost per unit 23.79 Income Statement For the Year Ended December 31, 2020 Variable Costing Sales 2840000 X Variable Selling and Administrative Expenses 2141100 Variable Cost of Goods Sold 1903200 -1903200 Contribution Margin 493600 Fixed Manufacturing Overhead 319500 Fixed Selling and Administrative Expenses 298342 617842 Net Income/(Loss) -124242 Assuming the company uses absorption costing, calculate Siren's manufacturing cost per unit for 2020. (Round answer to 2 decimal places, e.g. 10.50.) Manufacturing cost per unit $