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 $7.58 $3.48 $5.86 $%3.94 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $222,640 $212,201 Siren Company sells the fishing lures for $25.25. During 2017, the company sold 79,000 lures and produced 88,000 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 $ 16.92 Prepare a variable costing income statement for 2017.(Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45)) SIREN COMPANY Income Statement For the Year Ended December 31,2017 Variable Costing Sales 1994750 Variable Cost of Goods Sold Variable Selling and Administrative Expenses 311260 Contribution Margin Fixed Manufacturing Overhead Fixed Selling and Administrative Expenses 222640 212201 434841 Net Income/(Loss) An iCloud D ukr.net Bing G Google W Wikipedia r Facebook y, Twitter m LinkedIn Sinoptik-1 sa. Your answer is incorrect. Assuming the company uses absorption costing, calculate Siren's manufacturing cost per unit for 2017.(Round answer to 2 decimal places, eg.10.50.) Manufacturing cost per unit $ Your answer is partially correct. Prepare an absorption costing income statement for 2017. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45)) SIREN COMPANY Income Statement For the Year Ended December 31,2017 Absorption Costing 1994750 Sales Cost of Goods Sold eis Apple iCloud Dukr.net D Bing G Google W wikipedia Facebook y Twitter m LinkedIn Sinoptik-1 Prepare an absorption costing income statement for 2017.(Enter negative amounts using either a negative sign preceding t number e.g.-45 or parentheses eg. (45)) SIREN COMPANY Income Statement For the Year Ended December 31,2017 Absorption Costing Sales 1994750 Cost of Goods Sold Gross Profit Variable Selling and Administrative Expenses Fixed Selling and Administrative Expenses 311260 212201 523461 Net Income/(Loss) Attempts: 1 of 2 used Cl