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Caraco Corporation has provided the following production and average cost data for two levels of monthly production volume. The company produces a single product. Production

Caraco Corporation has provided the following production and average cost data for two levels of monthly production volume. The company produces a single product.
Production volume
Direct materials
Direct labor
Manufacturing overhead
7,000 units
$82.90 per unit
$58.20 per unit
$74.20 per unit
8,000 units
$82.90 per unit
$58.20 per unit
$69.20 per unit
The best estimate of the total cost to manufacture 7,400 units Is closest to: (Round your Intermedlate calculations to 2 decimal places.)
Multiple Cholce
$1,545,930
$1,595,100
$1,577,220
$1,583,925
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