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Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2022, the company incurred the following costs. Variable
Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2022, the company incurred the following costs. Variable Costs per Unit Direct materials Direct labor $7.5 $3.45 Variable manufacturing overhead $5.8 Variable selling and administrative expenses $3.9 Fixed Costs per Year Fixed manufacturing overhead $225,000 Fixed selling and administrative expenses $210,100 Siren Company sells the fishing lures for $25. During 2022, the company sold 80,000 lures and produced 90,000 lures. (a) Assuming the company uses variable costing, calculate Siren's manufacturing cost per unit for 2022. (Round answer to 2 decimal places, e.g. 10.50.) Manufacturing cost per unit eTextbook and Media Save for Later Question Part Score (b) Attempts: 0 of 3 used Submit Answer Prepare a variable costing income statement for 2022. (Enter negative amounts using either a negative sign preceding the number e.g -45 or parentheses eg. (45).) eTextbook and Media Save for Later Question Part Score (c) SIREN COMPANY Income Statement Variable Costing $ Attempts: 0 of 3 used Submit Answer --/1 --/1 Assuming the company uses absorption costing, calculate Siren's manufacturing cost per unit for 2022. (Round answer to 2 decimal places, e.g. 10.50.) Manufacturing cost per unit $ eTextbook and Media Save for Later Question Part Score (d) Attempts: 0 of 3 used Submit Answer Prepare an absorption costing income statement for 2022. (Enter negative amounts using either a negative sign preceding the number eg-45 or parentheses eg. (45).) SIREN COMPANY Income Statement Absorption Costing $ $ $ --/1
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