X Company manufactures a single product and estimates its direct manufacturing costs each month. It is estimated that each unit of product requires 1.8 pounds of direct material, and the price per pound is $12.00. It is estimated to take 27 minutes of direct labor time to manufacture a unit of product. Direct labor employees are hired on an hourly basis and paid $16.80 per hour. If production in December is expected to be 1,040 units, what are estimated direct manufacturing costs? please have specific steps