1. The Open Door Company budgeted sales of $500,000 and cost of goods sold equal to 70% of sales for the month of April. Beginning inventory for April was $110,000 and ending inventory for the month is estimated at $102,000. How much are the budgeted purchases for April? Danny's Lighting manufacturers lamps. The production budget shows that the company plans to produce 3,000 lamps in March and 2,600 lamps on May. Each lamp requires .50 direct labor hours in its production.. Danny's Lighting has a direct labor rate of $18 per hour. What is the total combined direct labor cost the company should budget for April and May? The selling price of a product is $100 per unit, the variable expense is $65 per unit, and the breakeven sales in dollars is $2,000,000. What are the total fixed expenses