New Music, Inc is in the business of developing, promoting and selling musical talent on CD. The company signed a new musical act called The Sound on 1 january 20X1. New Music uses ajob-order cost system to accumulate costs associated with a CD title. The following information was gathered on the production of the CD title for the year 20x1: Materials costs per unit (blank CD, jewel case 8: song lyric insert} $4.50 Labour costs per unit $0.50 Prmdetermined overhead rate per machine hour $500 Machine hour required to copy 2,000 CDs 1 hour Number of CDs produced 1,500,000 Number of CDs sold 1,000,000 Wholesale price per CD $13 Advertising costs $3,500,000 Legal costs $300,000 Shipping costs $0.15 per CD Required: a} Calculate the cost of producing 1 unit of The Sound CI}