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Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs. $10.05 Variable
Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs. $10.05 Variable Costs per Unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $4.62 $7.77 $5.23 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $311,550 $281,534 Siren Company sells the fishing lures for $33.50. During 2020, the company sold 81.000 lures and produced 93.000 lures. Assuming the company uses variable costing, calculate Siren's manufacturing cost per unit for 2020. (Round answer to 2 decimal places, eg. 10.50.) Manufacturing cost per unit $ eTextbook and Media Assistance Used eTextbook Prepare a variable costing income statement for 2020. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45). SIREN COMPANY Income Statement Variable Costing $ Assuming the company uses absorption costing, calculate Siren's manufacturing cost per unit for 2020. (Round answer to 2 decimal places, eg. 10.50.) Manufacturing cost per unit $ eTextbook and Media Prepare an absorption costing income statement for 2020. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses eg. (45.) SIREN COMPANY Income Statement Absorption Costing $
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