Part 1 (10 points) Waco Construction framed three structures last month: The simple house, the big house and the complex house. Direct costs of the three houses were labor and lumber with the following total direct costs along with square footages: Waco Construction Monthly Construction data by Project Simple Complex House Big House House Total Square Feet 1.700 Sq. Ft. 4,500 Sq. Ft. 3,800 Sq. Ft. 10,000 Sq. Ft. Labor cost $ 8,650 $ 31,550 $ 41,800 $ 82,000 Lumber Cost $ 16,000 $ 42,000 $ 41,000 $ 99,000 Total Direct $ 24,650 $ 73,550 $ 82,800 $ 181,000 Total Indirect costs for the month are $500,000. 1. Assume the indirect costs of $500,000 are allocated to the three projects on the basis of square feet. What is the total cost of each project? 2. Assume the indirect costs of $500,000 are allocated to the three projects on the basis of labor cost. What is the total cost of each project? Part 2 (10 points): Assume the two data points, $120 total cost per unit for 1,000 units of activity and $100,000 total variable cost for 5,000 units of activity, are indicative of the cost behavior over a relevant range of 0-10,000 units of activity. Provide the missing data points: 1,000 units 5,000 units 10,000 units Total Cost: Total Variable Cost: Total Fixed Cost Total Cost: ??? ??? ??? $100,000 ??? ??? ??? ??? ??? Cost per unit: Variable cost per unit: Fixed cost per unit: Total cost per unit: ??? ??? $120/unit ??? ??? ??? ??? ??? ??? Assume the two total costs are indicative of the cost behavior over a relevant range of 0-5,000 units. Provide the missing data: 2,000 units 5,000 units Total Cost: Total Variable Cost: ??? ??? Total Fixed Cost ??? ??? Total Cost: $40,000 $70,000