1. Smith Tooling Inc. manufacturers and sells tools and equipment for business and retail customers. For their main products, the Company incurs approximately the following per unit costs: $12.75 in Direct Materials $21.90 in Direct Labor $3.87 in Electricity $4.21 in Rent Expense for their Retail Store Which of the above costs would be including in Manufacturing Overhead? Why? 2. What concept is being portrayed in the following graph? COSTS PER PASSENGER MILE 0.35 $0.31 0.00 Average variable costants per 025 30 24 S0205 0.20 - 50.21 Corporattatamil Average totalt cost 2015 0.10 50.105 Average hed un cost 0.05 0 400,000 200,000 300,000 Passengers per month