Required information Problem 7-40 Basic CVP Relationships (LO 7-1,7-2, 7-4) [The following information applies to the questions displayed below) Serendipity Sound, Inc., manufactures and sells compact discs. Price and cost data are as follows: Selling price per unit (package of two CDs) Variable costs per unit: Direct material Direct labor Manufacturing overhead Selling expenses Total variable costs per unit Annual fixed costs: Manufacturing overhead Selling and administrative Total fixed costs Forecasted annual sales volume (120,000 units) 10.50 5.09 3.00 1.10 19.80 $ $ 192.000 276,000 $ 168,000 $3,800,000 In the following requirements. Ignore income taxes. Drohlam 7.10 Dart