I need the solution to this problem.

1 1 12.5 points Magnificent Modems, Inc. makes modem cards that are used in notebook computers. The company completed the following transactions during year 1 All purchases and sales were made with cash. 1. Acquired 5750,000 of cash from the owners. 2. Purchased $270, ce of manufacturing equipment. The equipment has $30,000 salvage value and a four-year useful life. 1. The company started and completed. 5,000 nodes. Direct saterials purchased and used amounted to $40 per unit. 4. Direct labor costs amounted to $25 per unit. 5. The cost of manufacturing Supplies used amounted to se per unit. 6. The company paid $5e,eee to rent the manufacturing facility. 7. Magnificent sold all 5,ce units at a cash price of size per unit. (Hint: It will be necessary to determine the manufacturing costs in order to record the cost of goods sold.) 8. The sales staff was paid a 56 per unit sales commission 9. Pald 339,000 to purchase equipment for administrative offices. The equipment was expected to have a $3,000 salvage value and a three-year useful life. 18. Administrative expenses consisting of office rental and salaries amounted to $71,950. ebook Prind . Deferences Required e. Based on these data, identify each cost incurred by the company as (1) foxed versus variable relative to the number of units produced and sold, and (2) product versus selling general , and administrative (SG&A). The solution for the first item is shown as an example. b. Complete the following table to indicate the product cost per unit assuming levels of production of 5,000.5.000.7.000, and 8.000. Complete this question by entering your answers in the tabs below. RAGA Reg B Based on these data, identify each cost incurred by the company as (1) fixed versus variable relative to the number of units produced and soldi and (2) product versus selling general and administrative (SG8A).The solution for the first item is shown as an example Foxed cost Product cost Costiem Depreciation on manufacturing equipment Direct materials Direct labor Manufacturing supplies Renton manufacturing facility Sales comissions Depreciation on administrative equipment Administrative costs rent and Salaries) Reg 8 >