Otsego Industries manufactured 300,000 units of product last year and identified the following costs associated with the manufacturing activity:

($000)Variable costs:Direct materials used$ 6,120.0Direct labor4,060.0Indirect materials and supplies1,420.0Power to run plant equipment1,300.0Fixed costs:Supervisory salaries$ 560.0Plant utilities (other than for plant equipment)851.7Depreciation on plant and equipment1,335.0Property taxes on building568.3

Required:

Unit variable costs and total fixed costs are expected to remain unchanged in the following year. However, management expects a slowdown in sales, because of the economy in the following year. Calculate the unit cost and the total cost if 255,000 units are produced next year.

Note: Enter your total cost answers in thousands.

\begin{tabular}{|l|l|} \hline Total variable costs & \\ \hline Total fixed costs & \\ \hline Total costs & $ \\ \hline Unit costs & 56 \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Total variable costs & \\ \hline Total fixed costs & \\ \hline Total costs & $ \\ \hline Unit costs & 56 \\ \hline \end{tabular}