Creating and using a Cost Formula Big Thumbs Company manufactures portable flash drives for computers. Big Thumbs Incurs monthly depreciation costs of $14,400 on its plant equipment. Also, each drive requires materials and manufacturing overhead resources. On average, the company uses 17,000 ounces of materials to manufacture 6,800 flash drives per month. Each ounce of material costs $3.00. In addition, manufacturing overhead resources are driven by machine hours. On average, the company incurs $40,800 of variable manufacturing overhead resources to produce 6,800 flash drives per month In your calculations, round variable rate per flash drive to the nearest cent if required, round final answers to the nearest cent. Required: 1. Create a formula for the monthly cost of flash drives for Big Thumbs. Total cost of flash drives - Fixed cost + Variable rate x Number of flash drives) Total cost of flash drives 14,400 Number of flash drives) 2. If the department expects to manufacture 6,000 flash drives next month, what is the expected fixed cost (assume that 6,000 unts is within the company's current relevant range)? What is the total variable cost (assume that 6,000 units is within the company's current relevant range)? What is the total manufacturing con (le, both fixed and variable) (assume that 6,000 units is within the company's current relevant range)