- ABC company produce a product (Table); Product needs 2 types of raw materials for producing table (1. Red Oak and 2. Granite) product Casual Granite table Red Oak 12 broad feet Granite 6 square feet Direct manufacturing labor 4 hours product Casual Granite table Expected sales in units 50,000 Selling price $600 Target ending inventory in 11,000 units Beginning inventory in units 1,000 Beginning inventory in dollars $384,000 Direct Materials Beginning inventory 70,000 b.f Target ending inventory 20,000 sq.ft Direct Raw materials (Red Oak and Granite) Red Oak cost $7 per board foot (b.f) . Granite cost $10 per square foot (sq.ft) . Direct manufacturing labor cost $20 per hour Total Variable Operating Expenses: 7,260 . Total Fixed Operating Expenses: $ 5,500 Required: Prepare the operating budgets Sales budgets and Production budgets, manufacturing costs (materials, labor, and overhead), Operating expenses budgets