Each Hot Wheels has the following 'per unit' costs associated with it (in no specific order): *Utilities Costs (Lighting/Heat/AC): *Selling: *Production Line Assemblers: *Plastic & Metal: *Administrative: $1.25 $1.00 $5.00 $3.50 $1.00 Based on this information, answer the following 10 questions: 1. Which costs would be classified as 'Direct Materials' (name the costs): 2. Which costs would be classified as 'Direct Labor' (provide the name of the costs): 3. Which costs would be classified as 'Manufacturing Overhead' (provide the name of the costs): 4. What the total 'Prime' Costs per unit would be: (enter a total $ amount): 5. What the total 'Conversion' Costs per unit would be: (enter a total $ amount): 6. What the total 'Product' Costs per unit would be: (enter a total $ amount): 7. What the total 'Period' Costs per unit would be: (enter a total $ amount): 8. What is the grand total of all costs per unit (all categories)? 9. If the unit sells (retails) for a price of $25.00 each, what is the total amount of profit per unit? 10. If these Hot Wheels are customized to order, and no one unit looks exactly the same as any other, what costing method is likely being used to manufacture them (ABC, Job Order or Process)? Plastic & Metal Production Line Assemblers Utilities Cost, Administrative, and Selling Cost (P&M) $3.50+ (Prod) $5.00 - $8.50 (Util.) $1.25 + (Admin) $1.00+ (Selling) $1.00 + (Prod.) $5.00 = $8.25 (P&M) $3.50 + (Prod) $5.00+ (Util.) $1.25 = $9.75 Util $1.25 Admin $1.00 Selling $1.00 = $3.25 All = $11.75 $25.00 - $11.75 = $13.25 Job Order Costing