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Edison Production Limited has provided the following production and total cost data for two levels of monthly production volume. The company produces a single product.Production

Edison Production Limited has provided the following production and total cost data for two levels of monthly production volume. The company produces a single product.Production Volume4,000 units6,000 unitsDirect materials $248,800$373,300Direct labor$137,200$205,800Total Manufacturing overhead$415,000$427,8001.Determine the best estimate of the total variable manufacturing cost per unit.2. Determine the prime cost per unit and conversion cost per unit under the volume of 5,000 units.

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