Exercise 5-31 (Algo) Methods of Estimating Costs: Account Analysis (LO 5-1, 2) Summit Corporation manufactures machines for the apparel industry. The production manager and cost analyst reviewed the accounts for the previous quarter and have provided an estimated breakdown of the fixed and variable portions of manufacturing overhead: Fixed Variable Total Administration and supervision $ 33,050 $ 12,100 $ 45,150 Engineering and indirect labor 7,000 60,200 67,200 Indirect supplies 10,200 27,900 38,100 Facilities cost 135,600 14,000 149,600 Repair and maintenance 60,500 78,600 139,100 Total $ 246,350 $ 192,800 $ 439,150 Direct materials for the quarter amounted to $364,500. Direct labor for the quarter was $725,500. During the quarter, 9,500 units were produced. Required: No changes are expected in these cost relations next quarter. The firm has budgeted production of 12,350 units. Provide an estimate for total production cost for next quarter. Determine the cost per unit of production for the previous quarter and the estimated cost per unit next quarter.