Total Manufacturing Cost, Income Statement, Unit Cost, and Selling Price charge for each unit to earn a profit during the year equal to $10\%$ of their estimated investment of $$600,000($ignore income taxes$).$

Their plans indicate that each unit of the new product requires the following:

$\backslash$table$[[$Direct Material,$4lb.$ of a material costing $$7\mathrm{.}20$ per $lb.],[$Direct labor,$3hrs.$ of adie cutter'stime at $$10\mathrm{.}80$perhr.$],[,2hrs.$ of an assembler's time at $$9\mathrm{.}60$perhr.$]]$

total direct labor costs. Selling expenses are an estimated $20\%$ of total sales, and non$-$factory administrative expenses are $10\%$ of total sales. negligible.

Required

a$.$ Incorporate the above data into a schedule of estimated total manufacturing costs and compute the unit production cost for the year

Do not use negative signs with any of your answers.

Estimated Total Manufacturing Cost

For the Year Ended December $31$

Direct material: