Number 6

Summit Corporation manufactures machines for the apparel indutry. The production manager and cost anabst reviewed the accounts for the previous quarter and have provided an estimated breakdown of the fixed and variable portions of manufacturing overhead: Direct materials for the quarter amounted to $351,500. Direct labor for the quarter was $712,500. During the quarter, 9.500 unds were produced. Mequired: a. No changes are expocted in these cost relations next quartec. The firm has budgeted production of 12,350 units. Provide an estimate for total production cost for next quartec. b. Determine the cost per unit of production for the previous quarter and the estimated cost per unit next equatec. Complete this question by entering vour anwwers in the tabs below. No changes are expected in these cost relations nert quarter, The firm has budgeted production of 12,350 units. Provide an estimate for total production cost for next quarter. Note: Oo not round intermedrate calculations: Complete this question by entering your answers in the tabs below. Determine the cost per unit of production for the previous quarter and the estimated cost per unit next quarter. Note: Do not round intermediate calculations. Round your final answers to 2 decimal places