APPENDIX C: Model X Budget Information The Operations Director has provided the following financial details to assist in the preparation of the requested budgets for the first year (2024). Expected Q1 sales volume: 1,000 units with a 15% increase each quarter in 2024. Q1 sales for 2025 are expected to be the same as 04 sales in 2024. . Selling price per unit: $1,000 in 2024, and $800 in 2025 Raw materials cost per pound: $10 Volume of raw materials per unit: 50 pounds Direct labor cost per unit: $200 Variable manufacturing overhead cost per unit: $100 . Fixed manufacturing overhead cost per year: $300,000 . Selling and administrative expenses per year: $200,000 . Desired ending raw materials inventory: 20% of next quarter's expected production requirements. The desired ending raw materials inventory at the end of Q4 2024 is 16,202 pounds. . Desired ending finished goods inventory: 30% of next quarter's expected sales units