Balcom Enterprises is planning to introduce a new product that wll sell for $135 a unit. Manufacturing cost estimates for 29,500 units for the first year of production are . Direct materials $1,534,000 . Direct labor $885,000 (based on $15 per hour 59,000 hours) Although overhead has not been estimated for the new product, monthly data for Balcom's total production for the last two years has been analyzed using simple linear regression. The analysis results are as follows: Dependernt variable Independent varlable Intercept Coefficlent on Independent varlab Coefficient of correlation R2 Factory overhead costs Direct labor hours 139,000 5.00 0.968 0.852 Based on this information, how much is the variable manufacturing cost per unit, using the variable overhead estimated by the regression (assuming that direct materials and direct labor are variable costs)? $77 O s97