Adam Inc. is a manufacturing firm which designs and manufactures electric switches for use in construction. Below is the expected (budgeted) data for the start of next year: Sales in units August 400 September October November 600 Sales price per unit $18.00 $20.00 800 $22.00 740 $21.00 The desired ending inventory for finished goods (production) is 20% of next month's sales. The desired ending inventory for raw materials is 40% of the next month's raw material requirements. Raw material required for each unit of the product is 5 units. The cost of each unit of raw material is $3 per unit. Time required to assemble one (1) switch is 15 minutes. Workers are paid $20 per direct labour hour. Using the above information answer the following questions.