Exercise $5-11$ to Exercise $5-18($Part Level Submission$)$ Steering Manufacturing produces snow shovels. The selling price per snow shovel is $$32\mathrm{.}00.$ There is no beginning inventory Costs involved in production are: Direct material $$5\mathrm{.}00$ Direct labor $4\mathrm{.}00$ Variable manufacturing overhead $4\mathrm{.}00$ Total variable manufacturing costs per unit $$13\mathrm{.}00$ Fixed manufacturing overhead per year $$196,560$ In addition, the company has fixed selling and administrative costs of $$170,400$ per year During the year, Steering produces $54,600$ snow shovels and sells $49,950$ snow shovels