19. Scott Corp. manufactures fishing boats. During 2020, total costs associated with manufacturing 15,000 boats were as follows:

Raw materials = $62,100

Direct labor = $16,500

Variable overhead = $11,250

Fixed overhead = $18,000

1. Calculate the cost per fishing boat under both absorption and variable costing.
2. Express the cost of the boats in a cost formula (Y=a + bX).