3) Neptune Transport Company makes per carriers, the Cat-allac. It is made of plastic with metal doors. Information for the product for the month of October is given in the following tables: Input Prices Direct Materials Plastic $4.5 per pound Metal $3 per pound Direct Manufacturing Labor $11 per direct manufacturing labor hours Manufacturing Overhead Rate $20.5 per direct manufacturing labor hours Input Quantities per unit of output Cal-allac Direct Materials Plastic Metal Direct Manufacturing Labor 5 Pounds 1 Pounds 3 Hours Inventory Information, direct materials Beginning inventory Target ending inventory Cost of beginning inventory Plastic 200 Pounds 280 Pounds $940 Metal 75 Pounds 80 pounds $240 Production & Inventory Information, finished goods Cal-allac Units of finished goods to be produced 520 Units of finished goods to be sold 500 Target ending inventory in units 50 Beginning inventory in units 30 Beginning inventory in dollars $3,150 Other Information: Current Assets $160,000 Long-Term Assets 340,000 Budgeted operating income 10,000 Markup Percentage on Full Cost 11.63% Instructions: I. Prepare a direct material usage budget. (5) II. Determine budgeted unit cost of ending finished goods inventory. (3) III. IV. Calculate Neptune's rate of return on investment. Compute the selling price for Cal-allac if Neptune charge 60% mark-up on its unit product cost. (1+2) Assume that apart from direct materials, direct labor and 50% of itsMOH cost, other variable costs that Neptune incur per unit is $ 31.25. Calculate Neptune's mark-up percentage on variable cost per unit (3)