Question 27 The annual fixed costs of a manufacturing business are expected to be 493,404. The business produces one product which has the following costs: Components and materials (per unit): 24 Labour (per hour): 44 Royalty payment (per unit) = 33 Each unit takes 21 minutes to produce. The annual production budget is 45,646 units. What will be the annual cost of producing the product? Enter your answer in rounded to the nearest 100