Ivanhoe Golf Ltd. produces and sells special golf balls for $20.00 for a pack of three. In May 2022, the company manufactured 37,500 packs (its normal volume) and sold 35,000 packs. The beginning inventory on May 1, 2022, was 6,250 packs. Production information for May 2022 is as follows: Direct manufacturing labour per pack 15.00 minutes Fixed selling and administrative costs $50,000 Fixed manufacturing overhead $165,000 Direct materials costs per pack $2.00 Direct labour rate per hour $24.00 Variable manufacturing overhead per pack $4.00 Variable selling expenses per pack $2.00 Calculate the total cost per pack under both absorption and variable costing. (Round per unit calculations and final answers to 2 decimal places, e.g. 15.25.) Absorption Costing Total cost per pack $ +A Variable Costing