The accounting records for Frankie's Fixtures report the following production costs for the past year: Direct Materials $634,000 Direct Labor 570,000 Variable Overhead 467,000 Production was 245,000 units. Fixed manufacturing overhead was $751,000. For the coming year, costs are expected to increase as follows: direct materials costs by 20 percent, excluding any effect of volume changes; direct labor by 4 percent; and fixed manufacturing overhead by 10 percent. Variable manufacturing overhead per unit is expected to remain the same. Required: (a)Prepare a cost estimate for a volume level of 255,000 units of product this year. (Do not round your intermediate computations. Round your final answers to nearest whole dollar amount.) T his Year's Cost Cost Item Direct materials Direct labor Variable overhead Fixed overhead Total costs