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

$$8\mathrm{.}40$

$$3\mathrm{.}86$

$$6\mathrm{.}50$

$$4\mathrm{.}37$

Fixed Costs per Year

Fixed manufacturing overhead

$$257,600$

Fixed selling and administrative expenses

$$235,312$

Siren Company sells the fishing lures for $$28\mathrm{.}00.$ During $2020,$ the company sold $80,000$ lures and produced $92,000$ lures.