Exercise 5-2 Shingle Enterprises is considering manufacturing a new prodct. It projects the cost of direct materials and rent for a range of output as shown below Output Rent Direct in Units Expense Materials 1,000 5,000 4,000 5,000 8,000 8,000 8,000 8,000 8,000 8,000 10,000 10,000 10,000 2,000 3,000 ,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 7,200 6,000 8,000 10,000 12,000 14,000 16,000 29,300 35,000 44,000 Determine the relevant range of activity for this product. The relevant range of activity for this product units Calculate the variable costs per it within the relevant range. (Round answer to 2 decimal places, e.g. 1.25.) Varlable costs per unlt per unit e