Minnesota Office Products (MOP) produces three different paper products at its Vaasa lumber plant: Supreme, Deluxe and Regular. Each product has its own dedicated production line at the plant. It currently uses the following three-part classification for its manufacturing costs: direct materials, direct manufacturing labour and manufacturing overhead costs. Total manufacturing overhead costs of the plant in July 2014 are 150 million (27 million of which are fixed). This total amount is allocated to each product line on the basis of the direct manufacturing labour costs of each line. Summary data (in millions) for July 2014 are as follows: (Click the icon to view the data.) Requirements 1. Compute the total manufacturing cost per unit for each product produced in July 2014. (Round your answers to the nearest cent.) 2. Suppose that in August 2014, production was 130 million units of Supreme, 160 million units of Deluxe and 180 million units of Regular. Why might the July 2014 information on manufacturing cost per unit be misleading when predicting total manufacturing costs in August 2014? Requirement 1. Compute the total manufacturing cost per unit for each product produced in July 2014. (Complete the necessary drop downs.) Begin by determining the formula needed to calculate the total manufacturing cost per unit. Total manufacturing cost per unit Minnesota Office Products (MOP) produces three different paper products at its Vaasa lumber plant: Supreme, Deluxe and Regular. Each product has its own dedicated production line at the plant. It currently uses the following three-part classification for its manufacturing costs: direct materials, direct manufacturing labour and manufacturing overhead costs. Total manufacturing overhead costs of the plant in July 2014 are 150 million (27 million of which are fixed). This total amount is allocated to each product line on the basis of the direct manufacturing labour costs of each line. Summary data (in millions) for July 2014 are as follows: (Click the icon to view the data.) Requirements 1. Compute the total manufacturing cost per unit for each product produced in July 2014. (Round your answers to the nearest cent.) 2. Suppose that in August 2014, production was 130 million units of Supreme, 160 million units of Deluxe and 180 million units of Regular. Why might the July 2014 information on manufacturing cost per unit be misleading when predicting total manufacturing costs in August 2014? Requirement 1. Compute the total manufacturing cost per unit for each product produced in July 2014. (Complete the necessary drop downs.) Begin by determining the formula needed to calculate the total manufacturing cost per unit. Total manufacturing cost per unit