PROBLEM 2 - Period and Product Costs - Sudsy Foam Corporation makes laundry soap. When Sudsy Foam produces and sells 4,700 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $6.10 Direct labor $3.60 Variable manufacturing overhead $1.70 Fixed manufacturing overhead $3.90 Fixed selling expense $0.75 Fixed administrative expense $0.60 Sales commissions $0.50 Variable administrative expense $0.50 You must show your work and label your numbers to receive credit for this problem. Note - for the fixed costs it will be very helpful to convert the average cost per unit to a total fixed cost when producing 4,700 units (remember for fixed cost the average fixed cost is only good for one level of activity and the total fixed cost is constant for all levels of activity). a. For financial reporting purposes, what is the total amount of product costs incurred to make 4,700 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 4,700 units? C. If 5,700 units are sold, what is the variable cost per unit sold? (Round "Per unit" answer to 2 decimal places.) d. If 5,700 units are sold, what is the total amount of variable costs related to the units sold? e. If 5,700 units are produced, what is the total amount of fixed manufacturing cost incurred? f. If the selling price is $23.60 per unit, what is the contribution margin per unit sold? (Round "Per answer to 2 decimal places.) unit" ||