6) (10 points) The company you work for is considering a new product. You have been charged with determining the Fully allocated costs of this product so that a sales price can be set. Below is all pertinent information. None of the parts can be recycled. Raw material needed Parts Number Scrap rate FE338 FE554 FO985 Parts needed per unit 1 2 8 Cost per part ($/unit) 3 0.5 3 10% 5% 10% Steps to complete the assembly Task Trimming Sanding Assembly Packing Standard time Min) 20 35 55 10 You will pay a skilled laborer $30/hour and they will work only when there is work (potentially not full time). Remember to include the cost to the company for this laborer. Also, the defective parts are detected before any labor is done. In order add this product, the company will have to hire a supervisor that is paid $50,000/year. The sales volume is assumed to be 5000 units/month. What is the material cost of each unit? What is the labor cost of each unit? What is the overhead cost per unit? What is the fully allocated cost of each unit