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		$8.18
Direct labor		$3.76
Variable manufacturing overhead		$6.32
Variable selling and administrative expenses		$4.25
Fixed Costs per Year
Fixed manufacturing overhead		$251,160
Fixed selling and administrative expenses		$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 Sirens manufacturing cost per unit for 2017. (Round answer to 2 decimal places, e.g.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 e.g. -45 or parentheses e.g. (45).)

Assuming the company uses absorption costing, calculate Sirens manufacturing cost per unit for 2017. (Round answer to 2 decimal places, e.g.10.50.)

Manufacturing cost per unit

$

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).)