Cycle Business manufactures and sells road and mountain bikes through an western Canada. Below is a partial list of expense items incurred in the most recent month (November), etwork of retail outlets in n1,050 bicycles were manufactured, shipped, and sold. There was no beginning or ending workin process or finished goods inventory in November October November 1,050 Units produced and sold Sales 950 Leather used for the bicycle seats Production manager's salary Life insurance for the company president Electricity used in the production facilities* Sales commissions Internet advertising Employee Property taxes on the production facilities Shipping costs Salary of the chief financial officer $950,000 $1,050,000 36,750 6,250 225 1,175 50,600 1,100 42,000 1,250 50,600 10,500 33,250 6,250 225 1,075 45,500 1,100 38,000 1,250 45,500 10,500 Each month, regardless of how much electricity is used, Cycle Business pays a $125 base charge to the utilities company. Employee benefits total 20% of the wages paid to production workers, who on average $20 per hour. Each bicycle requires 10 hours of direct labour