Pharoah, Inc. budgeted 11,200 widgets for production during 2022. Pharoah has capacity to produce 13,200 units. Fixed factory overhead is allocated to production. The following estimated costs were provided: Direct material ($7/unit) $78,400 Direct labor ($15/hr. x 2 hrs./unit) 336,000 Variable manufacturing overhead ($4/unit) 44,800 Fixed factory overhead costs ($5/unit) 56,000 Total $515,200 Cost per unit = $46