Gilmour Inc. (the company) is a manufacturer of hockey jerseys in Quebec. The upcoming year is...

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Gilmour Inc. ("the company") is a manufacturer of hockey jerseys in Quebec. The upcoming year is expected to be a good one but management wants to do some scenario planning and see what the financial results would look like under different production levels. The company has budgeted the following costs for one hockey jersey: Materials Labour Variable overhead 3 metres of fabric @ $60 per metre 7.75 hours of direct labour @ $17.00 per hour 7.75 hours of direct labour @ $7.00 per hour Fixed overhead is estimated at $45,000 per year. Required: Prepare a flexible budget for the year for two levels of production: 6,500 and 7,000 units. Using your solution answer the following questions. Part A: If the company produced 6,500 units, total production costs per the flexible budget would be $ Round your answer to the nearest DOLLAR. For example: Enter $49,562.52 as 49563 Enter $49,562.42 as 49562 Enter $49,562.00 as 49562 A If the company produced 6,500 units, the cost PER UNIT would be $_ Round your answer to the nearest PENNY (2 decimal places). For example: Enter 28.8429 as 28.84 Enter 28.8452 as 28.85 Enter 28.0000 as 28.00 A/ Part B: If the company produced 7,000 units, total production costs per the flexible budget would be $ Round your answer to the nearest DOLLAR. Round your answer to the nearest DOLLAR. For example: Enter $49,562.52 as 49563 Enter $49,562.42 as 49562 Enter $49,562.00 as 49562 A/ If the company produced 7,000 units, the cost PER UNIT would be $ Round your answer to the nearest PENNY (2 decimal places). For example: Enter 28.8429 as 28.84 Enter 28.8452 as 28.85 Enter 28.0000 as 28.00 A Gilmour Inc. ("the company") is a manufacturer of hockey jerseys in Quebec. The upcoming year is expected to be a good one but management wants to do some scenario planning and see what the financial results would look like under different production levels. The company has budgeted the following costs for one hockey jersey: Materials Labour Variable overhead 3 metres of fabric @ $60 per metre 7.75 hours of direct labour @ $17.00 per hour 7.75 hours of direct labour @ $7.00 per hour Fixed overhead is estimated at $45,000 per year. Required: Prepare a flexible budget for the year for two levels of production: 6,500 and 7,000 units. Using your solution answer the following questions. Part A: If the company produced 6,500 units, total production costs per the flexible budget would be $ Round your answer to the nearest DOLLAR. For example: Enter $49,562.52 as 49563 Enter $49,562.42 as 49562 Enter $49,562.00 as 49562 A If the company produced 6,500 units, the cost PER UNIT would be $_ Round your answer to the nearest PENNY (2 decimal places). For example: Enter 28.8429 as 28.84 Enter 28.8452 as 28.85 Enter 28.0000 as 28.00 A/ Part B: If the company produced 7,000 units, total production costs per the flexible budget would be $ Round your answer to the nearest DOLLAR. Round your answer to the nearest DOLLAR. For example: Enter $49,562.52 as 49563 Enter $49,562.42 as 49562 Enter $49,562.00 as 49562 A/ If the company produced 7,000 units, the cost PER UNIT would be $ Round your answer to the nearest PENNY (2 decimal places). For example: Enter 28.8429 as 28.84 Enter 28.8452 as 28.85 Enter 28.0000 as 28.00 A