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 $9.45 $4.35 $7.31 Variable selling and administrative expenses $4.91 Variable manufacturing overhead Fixed Costs per Year Fixed manufacturing overhead $286,650 Fixed selling and administrative expenses $264,726 Siren Company sells the fishing lures for $31.50. During 2020, the company sold 82,000 lures and produced 91,000 lures. (a)