Question: X Company wants to estimate total costs (overhead and administrative) in March, when production is expected to be 1,350 units. It analyzed January costs to determine the parameters of the overhead and administrative cost functions. January production was 1,000 units and costs were as follows:
Total overhead costs $50,000
Total fixed overhead costs 23,000
Total administrative costs 38,000
Total variable administrative costs 10,640
What is X Company's estimate of total costs in March [round unit costs to the nearest cent]?