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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. Variable Costs

Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs.

Variable Costs per Unit
Direct materials $9.60
Direct labor $4.42
Variable manufacturing overhead $7.42
Variable selling and administrative expenses $4.99
Fixed Costs per Year
Fixed manufacturing overhead $281,600
Fixed selling and administrative expenses $268,928

Siren Company sells the fishing lures for $32.00. During 2020, the company sold 79,000 lures and produced 88,000 lures.

Assuming the company uses variable costing, calculate Sirens manufacturing cost per unit for 2020. (Round answer to 2 decimal places, e.g. 10.50.)

Manufacturing cost per unit

$Type your answer here

Prepare a variable costing income statement for 2020. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

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