Sherri has developed a new popular bog for which she would like to hire workers to produce and spend some time promoting She wilt rent a garage for $500 per month for production purposes. Utilities wil.com 560 per month She has already taken on industrial design course at the local college to help prepare. This course cost $2.50 Sheer Willient production equipment at a monthly cost of 5800 Sharnestimates the material cost per unit will be $), and the labour cost will be 34 perunt. She will need to cut hat job, which pays $100 per month Advertising and promotion will cost $700 per month. Sherri antolpatos producing 50 bags in the fient month Answer the following questiom. NO COMMAS, NO S. 1. What is the total anticipated fixed cost S amount associated with production of the new product for the first tout 2. What is the total anticipated variable costs amount associated with the production of the new product for the first month? 3. What is the total opportunity cost Samount associated with producing the new product 4. What is the total sunt cost Samount associated with producing the new product 5 Which cost Sant would NOT be considered a differential cost