A company manufactures a single product which it sells for $35 per unit. The planned output for 20x6 was 6,000 units. The unit product cost comprises $ Direct Labour 8.50 Direct Material 2.50 Variable overhead 1.5 hours x 52.50/hour Fixed overhead 1.5 hours x $8.00/hour 3.75 12.00 26.75 What would be the budgeted profit for the year based on the marginal costing approach (assuming production is 6,000 units and closing inventory is 360 units)