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Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2017, the company incurred the following costs. $8.18 Variable

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Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2017, the company incurred the following costs. $8.18 Variable Costs per Unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $3.76 $6.32 $ 4.25 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $ 251,160 $ 229,009 Siren Company sells the fishing lures for $ 27.25. During 2017, the company sold 80,000 lures and produced 92,000 lures. Assuming the company uses variable costing, calculate Siren's manufacturing cost per unit for 2017 (Round answer to 2 decimal places, eg.10.50.) Manufacturing cost per unit $ Prepare a variable costing income statement for 2017. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg: (45).) SIREN COMPANY Income Statement Variable Costing Sales $ Variable Cost of Goods Sold Variable Selling and Administrative Expenses Contribution Margin Fixed Manufacturing Overhead Fixed Selling and Administrative Expenses $ Net Income/(Loss) 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 $ eTextbook and Media Prepare an absorption costing income statement for 2017. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45)) SIREN COMPANY Income Statement Absorption Costing anuracturing cost per unit e Textbook and Media Prepare an absorption costing income statement for 2017. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses es.(45)) SIREN COMPANY Income Statement Absorption Costing C

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