Use the Following Information to Answer the Questions Below. Our Business is Planning the Budgets and Costs for the Upcoming Year. using the Following information from a Previous Quarter to prepare the Future Budget. Use the Hi-Low method to Answer the Questions Below. Show Per Unit Amounts to Nearest Penny. JANUARY INFO: 1. Units Produced =9,000 Units, Direct Material costs =$297,000 2. Direct Labor Costs =$300,000, Selling Related Costs =$60,000 3. Building Rent & Costs =$55,000 per month FEBRUARYINFO: 1. Units Produced =1,000 Units, Direct Material costs =$33,000 2. Direct Labor Costs =$100,000, Selling Related Costs $20,000 3. Building Rent & Costs =$55,000 per month MARCH INFO: 1. Units Produced =3,000 Units, Direct Material costs =$99,000 2. Direct Labor Costs $100,000, Selling Related Costs $40,000 3. Building Rent & Costs =$55,000 per month QUESTIONS Compute and Show the Estimated Cost Formula for Each of the Following. Show your Answer as a Formula as Follows with NO SPACES. Example =200+20u, with 200 being the FC and 20 being the VC per Unit. QUESTIONS Compute and Show the Estimated Cost Formula for Each of the Following. Show your Answer as a Formula as Follows with NO SPACES. Example =200+20u, with 200 being the FC and 20 being the VC per Unit. 1. Direct Materials = 2. Direct Labor Cost Formula = 3. Selling Related Costs Formula = 4. Building Rent and Costs Formula = 5. Total of ALL Costs Combined = 6. Compute the Estimated Total Cost to Produce 5,000 Bikes in a Month = Show your Answer as a Number Only, Rounded to Nearest Rollar. No Commas, Dollar Signs or Decimals. 7. Compute the Estimated Net Income to Produce and Sell 8,000 Bikes using a Sales Price of $99.00 per Bike = =Show your Answer as a Number Only, Rounded to Nearest Dollar. No Commas, Dollar Signs or Decimals. 8. Compute the Sales Price per UNIT Required to make $30,000 in Net Income for a Month where we produce and Sell 2,000 Bikes = = Round Your Answer to the nearest Penny