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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 8,600 units 7,600 units $ 80.90 per unit $ 80.90 per unit $ 52.20 per unit $ 52.20 per unit $ 71.30 per unit $ 66.30 per unit The best estimate of the total cost to manufacture 7,900 units is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1,619,740 $1,570,570 $1,608,565 $1,601,860image text in transcribed

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