. 4 points each. No partial credit. Show Work. No work, no credit. Due date: before class on 03/01 in person or by email. Late work is not accepted. 1. A company's relevant range of production is 10,000 to 15,000 units. When it produces and sells 12,000 units, its unit costs are as follows: Amount per Unit Direct Materials $7.00 Direct Labor $4.00 Variable manufacturing overhead $1.50 Fixed manufacturing overhead $5.00 Fixed selling expense $3.50 Fixed administrative expense $2.00 Sales commissions $1.00 Variable administrative expense $0.50 What is the total amount of variable cost incurred if the company produces and sells 10,800 units? Answer: 2. Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 32,700 Total fixed manufacturing overhead cost $294,300 Variable manufacturing overhead per machine-hour $2.00 Recently, Job T687 was completed with the following characteristics: Number of units in the job Total machine-hours Direct materials Direct labor costs 10 20 $545 $1,090 If the company marks up its unit product costs by 40% then the selling price for a unit in Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.) Answer: