1. Calculate the total budgeleu LUJ Prepare a cost of goods sold budget for Play-Disc for the year. 3. What if the beginning inventory of finished goods was $75,200 (for 16,000 units)? How wo the cost of direct materials, direct labor, and overhead. 2. ow wo that affect the cost of goods sold budget? (Assume Play-Disc uses the FIFO method.) Cornerstone Exercise 8.8 Marketing Expense Budget Timothy Donaghy has developed a unique formula for growing hair. His proprietary lotion, used regularly for 45 days, will grow hair in bald spots (with varying degrees of success). Timo thy calls his lotion Hair-Again and is selling it via the telephone and Internet. His major form of marketing is through 15-minute infomercials and Internet advertising. Timothy sells each 16 ounce bottle of Hair-Again for $15 and pays a commission of 3 percent of sales to telephone operators who field the 1-800 phone calls from potential customers. Fixed marketing expenses for each quarter of the coming year include: 3 Internet banner ads Telephone operator time Travel $7,600 4,000 3,000