Quiz: Chapter 2 Assignment 1 Time Remaining: 01:05:16 Submit Quiz This Question: 5 pts 1 of 1 This Quiz: 5 pts possible Question Help Mapyland Office Products (MOP) produces three different paper products at its Vaasa lumber plant: Supreme, Deluxe, and Regular. Each product has its own dedicated production line at the plant. It currently uses the following three-part classification for its manufacturing costs: direct materials, direct manufacturing labor, and manufacturing overhead costs. Total manufacturing overhead costs of the plant in July 2017 are $160 million ($21 million of which are fixed). This total amount is allocated to each product line on the basis of the direct manufacturing labor costs of each line. Summary data (in millions) for July 2017 are as follows: EB(Click the lcon to view the data.) Read the requirements Requirement 1. Compute the manufacturing cost per unit for each product produced in July 2017 Begin by determining the formula needed to calculate the total manufacturing cost per unit. Direct manufacturing labor costs-Total manufacturing cost per unit Using the formula you determined above, calculate the company's total manufacturing cost per unit for each type of product produced in July 2017. (Round your answers to the nearest cent.) Supreme Deluxe Regular Total manufacturing cost per unit produced in July| the July 2017 information on manufacturing cost per unit be misleading when predicting total manufacturing costs in August 20177 During July 2017, the company incurred $160 million of manufacturing Choose from any list or enter any number in the input fields and then continue to the next 150 million units of Deluxe, and 170 million units of Regular. Why might overhead costs, which includes a cost component that