Fresh Powder, Inc., manufactures snowboards. Based on past experience, Fresh Powder has found that its total annual overhead costs can be represented by the following formula: Overhead cost = $2,500,000 + $125x, where X equals number of snowboards. Last year, Fresh Powder produced 50,000 Snowboards. Actual overhead costs for the year were as expected. Required: 1. What is the driver for the overhead activity? 2. What is the total overhead cost incurred by Fresh Powder last year? 3. What is the total fixed overhead cost incurred by Fresh Powder last year? 4. What is the total variable overhead cost incurred by Fresh Powder last year? 5. What is the overhead cost per unit produced? per unit 6. What is the fixed overhead cost per unit? per unit 7. What is the variable overhead cost per unit? per unit 8. Recalculate Requirements 5, 6, and 7 for the following levels of production: (a) 49,000 units and (b) 52,000 units. (Round your answers to the nearest cent.) 49,000 Units 52,000 Units Unit cost Unit fixed cost Unit variable cost The reason the unit costs changed in the way they did is because