A company that has retail outlets throughout Canada and the United States is loknd expense tems Cyclone Cycle manufactures and sells road and mountain bikes. Below is a ared, shipped, and incurred in the most recent month (November), when 1,200 bicycles we sold. There was no beginning or ending work in process or finished goods invetoy Item Units produced and sold October November 1.100 1,200 Sales Leather used for the bicycle seats Production manager's salary Life insurance for the company president Electricity used in the production facilities Sales commissions Internet advertising Employee benefits for the production workerst Property taxes on the production facilities Shipping costs Salary of the chief financial officer $1.100,000 $1,200,000 37,200 7.000 300 1.400 52.400 1.300 33,600 2,000 52,400 12,000 34.100 7,000 300 1,300 47,000 1.300 30,800 2,000 47,000 12.000 Each month, regardless of how much electricity is used, Cyclone Cycle pays a $200 base charge to the utilities company Employee benefits total 20% of the wages paid to production workers who on average earn $20 per hour. Each bicycle requires 7 hours of direct labour sume that 1.400 bicycles will be manufactured and sold in December. For the items you classified as manufacturing costs in requirement 1, estimate the cost for December. Assume that there will be no e in unit costs for any direct materials, hourly wages will remain the same, and employee benefits will continue at 20% of wages (4 marks) 2. Ass