Production, labor and materials budgets Septimus Company expects to sell 37,500 left- handed key cases in each of the next 2 years. At the end of the current year it expects to have an ending inventory of 3,825 units. Its policy is to have an ending inventory equal to 15 percent of next period's sales. Each unit requires .15 hours of direct labor costing $6.20 per hour, and the following direct materials: 

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Vinyl Clips Snaps 12 sq. in. @ $2.16 per sq. ft. 6 sq. in. .30 per dozen 2 sq. in. @5.00 per box of 1,000 The company charges overhead at $5 per direct labor hour. It sets selling price at total unit production cost plus 100 percent. REQUIRED a. Prepare a production quantity budget for the year. b. Prepare a direct labor budget. c. Prepare a direct materials budget. d. Determine the selling price per unit.