Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs $10.95 Variable Costs per Unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $5.04 $8.47 $5.69 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $335,800 $306,746 Siren Company sells the fishing lures for $36.50. During 2020, the company sold 80,000 lures and produced 92,000 lures. Your answer is correct. 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 $ 24.46 e Textbook and Media Your answer is partially correct Prepare a variable costing income statement for 2020. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) SIREN COMPANY Income Statement For the Year Ended December 31, 2020 Variable Costing Sales 2920000 Variable Cost of Goods Sold 1956800 i 455200 Variable Selling and Administrative Expenses i 2412000 Contribution Margin 508000 335800 i Fixed Manufacturing Overhead Fixed Selling and Administrative Expenses 306746 i 642546 Net Income/(Loss) 134546 e Textbook and Media X Your answer is incorrect. 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 $ 28.66 e Textbook and Media Your answer is partially correct. Prepare an absorption 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 For the Year Ended December 31, 2020 Absorption Costing $ Sales Cost of Goods Sold Gross Profit Variable Selling and Administrative Expenses Fixed Selling and Administrative Expenses Net Income/(Loss)