8. Picture It Inc. manufactures customized wooden frames. The direct materials needed to construct the frames are wood, glass and cardboard. Picture It has 22 employees who work a 40-hour work week and are each paid $17 per hour. The company produced and sold 900 frames in the month of September During the month of September the following purchases were made to produce the 900 frames: Wood4000 ft. at $1.20/ft. Glass-400 pieces at $5.60/piece Cardboard 500 pieces at $0.50/piece Required: 1. Calculate the total product cost for the month. Assume that all employees worked four full weeks in September and that the company incurred $55,000 in overhead costs. 2. Calculate the per-unit cost. 3. Calculate the gross margin for the month of September assuming that the company sells each frame for $250