Amfac Company manufactures a single product. The company keeps careful records of manufacturing activities, from which the following information has been extracted: Number of units produced Cost of goods manufactured Level of Activity March 5,600 June Work-in-process inventory, beginning Work-in-process inventory, ending Direct materials cost per unit Direct labour cost per unit Manufacturing overhead cost, total $268,200 10,200 $403,000 35,000 27,000 55,000 18,000 B B 10 10 2 2 The company's manufacturing overhead cost consists of both variable and fixed cost elements. To have data available for planning, management wants to determine how much of the overhead cost is variable with units produced and how much of it is fixed per month. Required: 1. For both March and June, determine the amount of manufacturing overhead cost added to production. (Hint: A useful way to proceed might be to construct a schedule of cost of goods manufactured.) Manufacturing overhead cost March June 2. By means of the high-low method of cost analysis, estimate a cost formula for manufacturing overhead. Express the variable portion of the formula in terms of a variable rate per unit of product. 3. Assume that Amfac produced 8,600 units in September. What will be the cost of goods manufactured? (Assume that beginning and ending work-in-process inventories were $18,300 and $10,300 respectively) Cost of goods manufactured