Hello, can someone please help me solve this question so i know if i got the correct answer? Please show all steps and reasoning for solution. also show formulas on excel as well! Thank you

Assignment: In this assignment, you will put all three parts together to calculate the FAC. What is the Fully Allocated Costs (FAC) of the widget described below? Materials: Raw Material cost $2/pound 3 pounds produce 5 widgets each weighing 8oz with one in ten being defective (16oz=1 pound) Waste and Scrap form the machining operation is sold for $0.5/pound Labor It takes 15 minutes to make 5 widgets. You can't tell whether a widget is defective untile after you produce it. Machine operators are paid $15/hr gross pay - with no benefits. State unemployment is 2%, all other rates are at normal rate (as described in the video) Machinist only get paid hen they work Overhead: Annual overhead costs are $400,000 Overhead is allocated based on production Production: 250,000 units each year Submit this as an excel spreadsheet