Cycle Business manufactures and sells road and mountain bikes through a network of retail outlets in western Canada. Below Is a partial list of expense items Incurred in the most recent month {November}. when 1.180 bicycles were manufactured, shipped. and sold. There was no beginning or ending work in process or nished goods inventory In November: Item October November Units produced and sold 1,030 1,130 5'11\" $1,030,900 $1,130,000 Leather used for the bicycle seats 30,240 33,040 Production manager's salary 6,900 6,900 Life insurance for the company president 290 290 Electricity used in the production facilities* 4,510 4,910 Sales coundssions 46,300 52,160 Internet advertising 1,300 1,300 Employee benefits for the production workersT 21,600 23,600 Property taxes on the production facilities 1,900 1,900 Shipping costs 46,300 52,160 Salary of the chief financial officer 11,300 11,300 *Each month, regardless of how much electricity is used, Cycle Business pays a $190 base charge to the utilities company. TBmployee benefits total 20% of the wages paid to production workers, who on average earn $20 per hour. Each bicycle requires 5 hours of direct labour. 2. Assume that 1,380 bicycles will be manufactured and sold in December. For the items you classied as manufacturing costs in requirement 1, estimate the cost for December. Assume that there will be no change in unit costs for any direct materials. hourly wages will remain the same. and employee benefits will continue at 20% of wages. _:|