How to do part c?

City University uses a process cost system to accumulate costs incurred in handling student applications in the admissions department. When an application is completed, it is forwarded to the appropriate academic department for final processing. The following processing and cost data pertain to March. 1 Applications in process on March 1 2. Applications started in March 1,100 950 Completed applications during March Applications still in process at March 31+ Were 100% complete as to materials (forms)- and 75% complete as to conversion costs 4. Beginning WP: Direct materials Conversion costs .2.125 9,450- March costs: Direct materials Direct labor Overhead 8.000 43,000- 10,050 Materials are the forms used in the application process, and these costs are incurred at the beginning of the process. Conversion costs are incurred uniformly during the process +' instructions (a) Determine the equivalent units of service (production) for materials and conversion costs. +' (b)Compute the unit costs and prepare a cost reconciliation schedule. (c) In an effort to improve efficiency, City University has changed their admissions procedures. Instead of adding all of the materials at the beginning of the process, they have decided to add half of the materials at the end of the process right before the applications are transferred to the academic departments. This has resulted in a $2,000 savings in March's direct materials costs (beginning direct materials are not affected) Determine the equivalent units of service (production) and the cost per equivalent unit for materials based on this change. If City University processes 12,000 applications during a typical year, what is the total dollar amount of savings that will result from this change