3. Black River Company is preparing its annual budget for the year ending December 31,2016. Its accounting department provided the following data. Product Lime Flavored Non-Alcoholic Beer Sales Budget: Anticipated volume in 400,000 bottles Unit Selling Price $3.75 Production Budget: Desired ending finished 3,000 bottles goods units Beginning Finished 5,000 bottles Goods units Direct Materials Budget Direct Materials per unit (Pounds) 1.5 Desired Ending Direct Materials in pounds 3,500 Beginning Direct Materials in Pounds 6,000 Cost per Pound 5.65 Direct Labor Budget: Direct Labor Hours Per 0.1 Unit Direct Labor Rate Per $9.95 Hour Budgeted Income Statement: $2.15 Total Unit Cost