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 $ 7.73 Direct labor $ 3.55 Variable manufacturing overhead $ 5.97 Variable selling and administrative expenses $ 4.02 Fixed Costs per Year Fixed manufacturing overhead $ 234,780 Fixed selling and administrative expenses $ 216,403 Siren Company sells the fishing lures for $ 25.75. During 2017, the company sold 82,000 lures and produced 91,000 lures. Your answer is incorrect. 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 $ eTextbook and Media Your answer is partially correct. Prepare a variable costing income statement for 2017. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SIREN COMPANY Income Statement For the Year Ended December 31, 2017 Variable Costing Sales $ 2111500 Variable Cost of Goods Sold $ Variable Selling and Administrative Expenses 329640 i Fixed Selling and Administrative Expenses 451183 Net Income/(Loss) $ eTextbook and Media 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, e.g. 10.50.) Manufacturing cost per unit $ eTextbook and Media Your answer is partially correct. Prepare an absorption costing income statement for 2017. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) SIREN COMPANY Income Statement For the Year Ended December 31, 2017 Absorption Costing Sales $ 2111500 Cost of Goods Sold Gross Profit Variable Selling and Administrative Expenses $ 329640 i Fixed Selling and Administrative Expenses 216403 i 546043 Net Income/(Loss) $