32. Boeing Company is analyzing its production costs for manufacturing commercial airplanes. During the month of February, the company incurred the following costs:

• Direct materials: $2,000,000
• Direct labor: $1,500,000
• Factory overhead: $1,000,000

Calculate the total manufacturing cost for Boeing's commercial airplanes for the month of February. Additionally, discuss how variations in production volume and cost structure may impact the company's profitability and competitive position within the aerospace industry.