View Policies Current Attempt in Progress The Uli Battery Company produces a wide variety of batteries for home, automobile, and marine use. One example of its many products is the Road Guardian automobile battery. The standard cost for this battery is as follows: $4 Standard Cost, Road Guardian Material Labor 3 Overhead 10 Total $17 At the start of the current year, 2021, the company estimated that it would incur 544,400,000 of overhead costs and $5,550,000 of direct labor costs. Thus, 58 of overhead is applied at standard for each dollar of direct labor, Overhead is essentially completely fixed, which reflects the high level of investment in automated manufacturing. During 2021, the company experienced a labor strike that severely limited production and standard labor cost was only $4.763,000. At a recent meeting in early January 2022. C. W. Rogers, the president of Uli, asked the company controller, Walter Cox to estimate the effect of the strike on company profit. The following morning. Walter sent the president a memo: mework Question 6 of 6