Please do not give solution in image format thanku Prepare a variable costing income statement for 2017. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).)eTextbook and MediaManufacturing cost per unitSIREN COMPANYIncome StatementeTextbook and MediaVariable Costing$Assuming the company uses absorption costing, calculate Siren's manufacturing cost per unit for 2017. (Round answer to 2 decimalplaces, e.g.10.50.)SIREN COMPANYIncome StatementPrepare an absorption costing income statement for 2017. (Enter negative amounts using either a negative sign preceding the numbere.g.-45 or parentheses e.g. (45).)Absorption Costing$$$$ Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2017, the company incurred thefollowing costs.Variable Costs per UnitDirect materialsDirect laborVariable manufacturing overheadVariable selling and administrative expensesFixed Costs per YearFixed manufacturing overheadFixed selling and administrative expenses$8.18$3.76$6.32$4.25$245,700$229,009Siren Company sells the fishing lures for $27.25. During 2017, the company sold 80,000 lures and produced 90,000 lures.Manufacturing cost per unit $Assuming the company uses variable costing, calculate Siren's manufacturing cost per unit for 2017. (Round answer to 2 decimalplaces, e.g.10.50.)

Under absorption costing, all fixed and variable costs are considered for calculation of unit…

Answered: Siren Company builds custom fishing…

Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2017, the company incurred the following costs.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...

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