Play and Stay Manufacturing(P&S) has a factory that produces cabinetry for the RV and marine market. The company has other product lines. Materials and labor for the cabinets are determined by each job. To simplify the assignment, we will assume the following average costs The following information highlights P&S Manufacturings cost structure for 2020. The materials include $2,800 for the wood and other materials on a per job basis. It requires 24 hours of labor on average for the cabinetry. The hourly rate is $11. The sales price will be set at a markup of 80%. The company estimates that it will have 43,200 direct labor hours in total for the cabinets. It assumes 1800 units are sold on average per year. A breakdown of estimated yearly costs related to the cabinetry follows: Salaries- office & administrative $ 500,000 Salaries for factory personal $ 350,000 Office Rent $ 150,000 Factory Rent $ 30,000 Office utilities and Misc office expenses(based on units sold) $ 15,000 Sales travel(based on units sold) $ 24,000 Insurance - office $ 12,000 Depreciation - office equipment $ 40,000 Depreciation for factory equipment $ 70,000 Advertising $ 20,000 Sales commissions(based on units sold) $ 50,000 Factory Property taxes $ 25,000 Maintenance for factory equipment $ 80,000 Hint: you will need to distinguish between product vs. period costs and variable vs fixed costs. Please do not forget all costs for this company (not just the ones listed above in the table)

2. Determine the average cost of manufacturing one unit given the volume expected to be sold every year and assuming the MOH costs are allocated based on the direct labor hours per unit. Please show all calculations and round to the nearest dollar. Calculate the sales price based on your cost calculation. I would recommend that you calculate the MOH per unit first. You should calculate an Overhead rate.