Problem $1$: Shakes Spear Industries manufactures baseballs and identified the following costs associated with their manufacturing activity $($V $=$ Variable; F $=$ Fixed$).$ The following information is available for the month of July: Power to run plant equipment $($V$)$$$25,000$ Other selling costs $($V$)149,150$ Indirect labor $($F$)50,000$ Property taxes on factory building $($F$)12,500$ Marketing costs $($V$)30,000$ Factory Supervisor salaries $($F$)125,000$ Direct materials used $($V$)500,000$ Depreciation on plant equipment $($F$)68,000$ Shipping costs to customer $($V$)48,800$ Indirect material and supplies $($V$)37,500$ Direct labor $($V$)250,000$ Administrative salaries $($F$)300,000$ Insurance on factory building $($F$)62,500$ Utilities, factory $($V$)50,000$ General office costs $($F$)48,000$ Required:Compute the following amounts for July:$($a$)$ Total manufacturing costs.$($b$)$ Total conversion costs.$($c$)$ Total prime costs$($d$)$ Total period costs