ummit Corporation manufactures machines for the apparel industry. The production manager and cost analyst revlewed the accounts or the previous quarter and have provided an estimated breakdown of the fixed and variable portions of manufacturing overhead: Direct materials for the quarter amounted to $354,500. Direct labor for the quarter was $715,500. During the quarter, 9,500 units were produced. Required: a. No changes are expected in these cost relations next quarter. The firm has budgeted production of 12,350 units. Provide an estimate for total production cost for next quarter. b. Determine the cost per unit of production for the previous quarter and the estimated cost per unit next quarter. No changes are expected in these cost relations next quarter. The firm has budgeteo estimate for total production cost for next quarter. Note: Do not round intermediate calculations. Required: a. No changes are expected in these cost relations next quarter. The firm has budgeted production of 12 estimate for total production cost for next quarter. b. Determine the cost per unit of production for the previous quarter and the estimated cost per unit nex Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Determine the cost per unit of production for the previous quarter arid the estimated cost per unit next quarte Note: Do not round intermediate calculations. Round your final answers to 2 decimal places