Biello Co. manufactures and sells medals for winners of athleticand other events

Biello Co. manufactures and sells medals for winners of athleticand other events. Its manufacturing plant has the capacity toproduce 15000 medals each month; current monthly production is14250 medals. The company normally charges $115 per medal. Costdata for the current level of production are shown below.Variable CostsDirect Materials $969000Direct Labor $270750Selling and Administrative $270075Fixed CostsManufacturing $370550Selling and Administrative $89775