Montana 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 labor, and manufacturing overhead costs. Total manufacturing overhead costs of the plant in July 2017 are $140 million ($18 million of which are fixed). This total amount is allocated to each product line on the basis of the direct manufacturing labor costs of each line. Summary data (in millions) for July 2017 are as follows: (Click the icon to view the data.) Read the requirements. Requirement 1. Compute the manufacturing cost per unit for each product produced in July 2017 Begin by determining the formula needed to calculate the total manufacturing cost per unit. Total manufacturing costs Units produced Total manufacturing cost per unit Using the formula you determined above, calculate the company's total manufacturing cost per unit for each type of product produced in July 2017. (Round your answers to the nearest cent.) Regular Supreme 134 Deluxe 157 Total manufacturing cost per unit produced in July 120 Data Table Requirements Deluxe Regular Supreme $ 81 Direct material costs $ 52 $ 66 1. Compute the manufacturing cost per unit for each product produced in July 2017 2. Suppose that, in August 2017, production was 110 million units of Supreme, 130 million units of Deluxe, and 160 million units of Regular. Why might the July 2017 information on manufacturing cost per unit be misleading when predicting total manufacturing costs in August 2017? 13 $ Direct manufacturing labor costs Manufacturing overhead costs Units produced $ 40 $ 80 S 20 70 90 80 Print Done Print Done