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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 per Unit Direct materials $9.00 Direct labor $4.14 Variable manufacturing overhead $6.96 Variable selling and administrative expenses $4.68 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and admistrative expenses $288,000 $252,120 Siren Company sells the fishing lures for $30.00. During 2020, the company sold 82,000 lures and produced 96,000 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, e.g. 10.50 Manufacturing cost per unit 20.1 Prepare a variable costing income statement for 2020. (Enter negative amounts using either a negative s SIREN COMPANY Income Statement For the Year Ended December 31, 2020 Variable Costing 2460000 Sales > Variable Cost of Goods Sold 1648200 383760 Variable Selling and Administrative Expenses X Contribution Margin 383760 Fixed Manufacturing Overhead 428040 x Fixed Selling and Administrative Expenses 288000 X 252120 Net Income/(Loss) 112080 Your answer is correct. Assuming the company uses absorption costing, calculate Siren's manufacturing cost per unit for 2020 Manufacturing cost per unit 23.1 LINK TO TEXT Your answer is partially correct. Try again. Prepare an absorption costing income statement for 2020. (Enter negative amounts using either a SIREN COMPANY Income Statement For the Year Ended December 31, 2020 Absorption Costing Sales Cost of Goods Sold ODO Gross Profit SIREN COMPANY Income Statement For the Year Ended December 31, 2020 Absorption Costing Sales Cost of Goods Sold bol II Gross Profit Variable Selling and Administrative Expenses Fixed Selling and Administrative Expenses V Net Income/(Loss) 70080 Click if you would like to Show Work for this question: Open Show Work

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