View Policies Show Attempt History Current Attempt in Progress 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 Direct labor Variable manufacturing overhead Variable selling and administrative expenses $11.10 $5.11 $8.58 $5.77 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $347.800 $310.948 Siren Company sells the fishing lures for $37.00. During 2020, the company sold 80,000 lures and produced 94.000 lures, Your answer is incorrect. Assuming the company uses variable costing, calculate Siren's manufacturing cost per unit for 2020. (Round answer to 2 decimal 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 $ 2.960,000.00 Cost of Goods Sold 2.280,000.00 Gross Profit 680,000.00 $ 461.600.00 i Variable Selling and Administrative Expenses Fixed Selling and Administrative Expenses 310,948.00 i 772,548.00 i Net Income.com $ 192.548.00) eTextbook and Media