Question: The following production and average cost data for two levels of monthly production volume have been supplied by a company that produces a single product:

The following production and average cost data for two levels of monthly production volume have been supplied by a company that produces a single product:

Production Volume

Component

950 units

750 units

Direct materials

$16.00 per unit

$16.00 per unit

Direct labor

$37.50 per unit

$47.50 per unit

Manufacturing overhead

$17.50 per unit

$19.50 per unit

Round your answers to the nearest dollar. Fill in the blank without $ sign or comma or period, e.g., 12345

The approximate total cost to manufacture 850 units is:

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