PART ONE Trump & Trudeau Inc. (T&T) produce produced for many years and sells for $900, and the Dude, a new model, which sells for $1,260. Based to concentrate the marketing resources on the Dude model and to begin to phase out the Fired model. surf boards models, Fired, which has been on the following income statement for 2018, the CFO at T&T has decided Trump & Trudeau Inc. Income statement March 31, 2018 Dude Fired Total $5,040,000 $19,800,000 $24,840,000 3,680,000 14,960,000 $18,640,000 1,360,000 4,840,000 6,200,000 Selling and Admininstrative Expen:780,0002,640,000$3,420,000 $ 580,000 $2,200,000 $2,780,000 Sales Cost of Goods Sold Gross Margin Net profit 2,200,000 2,780 Units produced and sold Net profit per unit sold $145.00 2,000 $100.00 4,000 The standard unit costs for the Dude and Fired models are as follows: Dude Fired $650 $250 Direct Materials Direct Labour: Dude (3.5 hrs x $20/hr.) Fired (1.5 hrs. x $20/hr.) 70 Machine Usage: Dude (4 hrs. x $25/hr.) Fired (8 hrs. x $25/hr.) 100 200 Manufacurting Overhead Standard Cost 100 200 $920 $680