Cost Formulas Colonial Manufacturing produces a single product requiring the following direct material and direct labor Material A Material Material C Cost per Unit of input Required Amount per Unit of Product $12/pound 18/pound $15/ $14/hour $12/hour Frishing labor $16/hour 90 minutes Cutting labor Shaping laber 24 ounces Bounces 06 gallon 45 minutes 30 minutes Manufacturing overhead consists of indirect materials, $0.40 per unit of product indirect labor, $900 per month plus $0.80 per unit of product; factory maintenance, $18,000 per year plus $0.75 pe unit of product; factory depreciation, $22,000 per year, and annual factory property taxes, $12,000. Selling and administrative expenses include the salaries of a sales manager, $45,000 per year, am office manager, $24,000 per year, and two salespersons, each of whom is paid a base salary of $18,000 per year and a commission of $3 per unit sold. Advertising and promotion of the product are done through a year-round media package program costing $1,000 per week a. Analyze all cost and expense factors to determine a general formula (based on units of production) for total cost Round variable cost per unit answers to two decimal places, if applicable Material A Material Material C Cutting labor Shaping labor Fishing labor Total Fixed Costs Variable Cost per Unit direct material direct labor Factory maintenance Factory deprecuto Factury property ta Seling and administration expanies Sales administration salaries O