Word to PDF- Conve Blackboard Leam ssignment Help Save &Exit Su Problem 2-13 Cost Classification [LO2, LO5, LO6] Cycle Business manufactures and sells road and mountain bikes through a network of retail outlets in western Canada. Below is a partial list of expense items incurred in the most recent month (November), when 1,140 bicycdes were manufactured, shipped, and sold There was no beginning or ending work in process or finished goods inventory in November October Units produced and sold Sales 1,148 $1,040,00e $ 1,140,000 38,760 6,700 Leather used for the bicycle seats Production manager's salary Life insurance for the company president Electricity used in the production facilities Sales commissions Internet advertising Employee benefits for the production workerst Property taxes on the production facilities Shipping costs Salary of the chief financial officer 35,360 6,700 5,370 46,400 1,200 29,120 1,700 46,400 11,400 5,870 51,680 1,200 31,920 1,700 51,688 11,400 Each month, regardless of how much electricity is used, Cycle Business pays a $170 base charge to the utilities company Employee benefits total 20% of the wages paid to production workers, who on average earn $20 per hour. Each bicycle requires 7 hours of direct labour 8 2. Assume that 1,340 bicycles will be manufactured and sold in December. For the items you classified as manufa requirement 1, estimate the cost for December. Assume that there will be no change in unit costs for any direct materials, hourty wages will remain the same, and employee benefits will continue at 20% of wages