Speedway Manufacturing produces snow shovels. The selling price per snow shovel is $ 32.00. There is no beginning inventory. Costs involved in production are: Direct material $ 4.00 Direct labor 4.00 Variable manufacturing overhead 3.00 Total variable manufacturing costs per unit $ 11.00 Fixed manufacturing overhead per year $ 130,480 In addition, the company has fixed selling and administrative costs of $ 147,400 per year. During the year, Speedway produces 46,600 snow shovels and sells 41,770 snow shovels