Question 1 Sherri has developed a new popular bag for which she would Be to he workers to produce and spend some time promoting it. She wilt garage for 3500 per month tour production us wil cost $70 per month. Shemtas already taken an industrial design course at the local college to help prepare This course cost $300 She will rent production equipment at a monthly cout of 5900. Shemi estimates the material cost per un wil be 55 and the labour coat wit be $10 perint She will need to quit her job, which pays $8000 per month. Advertising and promotion will cost 5000 per month Sherdie producing 70 bags in the more Auwwer the following questions. NO COMMAS, NO S. 1. What is the total anticipated fixed cost amount sted with production of the tow product for the first month 2. What is the total noticipated variable contamowited with the production of the new product for the first mouth 3. What is the total opportunity cost mount asociated with producing the new prod? What is the total cost amount associated with producing the new product? 3. Which cost w NOT be considered differential.com