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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
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 $7.80 $3.59 $6.03 $4.06 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $239,200 $218,504 Siren Company sells the fishing lures for $26.00. During 2017, the company sold 82,000 lures and produced 92,000 lures. Your answer is correct. Assuming the company uses variable ccsting, calculate Siren's manufacturing cost per unit for 2017. (Round answer to 2 decimal places,e.g.10.50.) Manufacturing cost per unit 17,42 ?Your answer is correct. Prepare a variable costing income statement for 2017. (Enter negative amounts using elther a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SIREN COMPANY Income Statement Ended Decembe Variable Costing 2132000 riable Cost of Goods Sol 4284 riable Selling and Administrative Expens 1761360 ontribution M 37064 ixed Manufacturing Overhea Selling and Administrati 457704 Loss S-87064 Your answer is correct, cost per unit for 2017, (Round answer to Assuming the company uses absorption costing, calculate Siren's 2 decimal places, e.g.I0.so.) Manufacturing cost per unit 20.0 ?] Your answer is partially correct. Try again. Propare an absorption costing income staterment for 2017. (Enter negative amounts using elther a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) SIREN COMPANY or the Year Ended December Absorption Costing ost of Goods Sold Pro riable Selling and Administrative Expens Selli ond Administrative Ex Income/(Loss
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