Question: Using cost formulas Below are cost equations for direct labor and direct materials that were developed for Shining Star Industries from last year's gear assembly

Using cost formulas Below are cost equations for direct labor and direct materials that were developed for Shining Star Industries from last year's gear assembly production data. In the equations X equals units of output. Direct labor: Y = $12,923 + $3.96X Direct materials: Y = $2,705

Direct labor: Y = $12,923 + $3.96X Direct materials: Y = $2,705 + $17.03X The management of Shining Star Industries asks you to determine the direct labor and material costs of producing 2,500 gear assemblies in the current year. REQUIRED Calculate the total direct cost of production from the equations provided.

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