Sheridan, Inc. budgeted 9,200 widgets for production during 2022. Sheridan has capacity to produce 11,200 units. Fixed factory overhead is allocated to production. The following estimated costs were provided: Direct material ($7/unit) $64,400 Direct labor ($15/hr. x 2 hrs./unit) 276,000 Variable manufacturing overhead ($4/unit) 36,800 Fixed factory overhead costs ($5/unit) 46,000 Total $423,200 Cost per unit $46