Using the following manufacturing costs per unit, what is the budgeted manufacturing cost for 500 units and for 700 units?

Direct materials

Direct labor

Manufacturing overhead

$5.50

10.00

5.25

500 units = $12,450: 700 units = $16,600

500 units = 510,375: 700 units = 514,525

500 units = $20,750: 700 units $24,900

500 units $12,450; 700 units $14,525