As a preliminary to requesting budget estimates of sales, costs, and expenses for the fiscal year beginning January 1, 2014, the following tentative trial balance as of December 31, 2013, is prepared by the Accounting Department of Regina Soap Co.: Cash Accounts Receivable $117,000 223,500 Finished Goods Work in Process Materials 46,900 31,300 51,400 Prepaid Expenses 3,800 Plant and Equipment 601,400 Accumulated Depreciation-Plant and Equipment $258,600 Accounts Payable Common Stock, $10 par 182,000 350,000 Retained Earnings 284,700 $1,075,300 $1,075,300 Factory output and sales for 2014 are expected to total 29,000 units of product, which are to be sold at $120 per unit. The quantities and costs of the inventories at December 31, 2014, are expected to remain unchanged from the balances at the beginning of the year. Budget estimates of manufacturing costs and operating expenses for the year are summarized as follows: Estimated Costs and Expenses Fixed Variable Cost of goods manufactured and sold: Direct materials Direct labor (Total for Year) (Per Unit Sold) $30 9.5 Factory overhead: Depreciation of plant and equipment $29,000 9,000 5.5 15 - Other factory overhead Selling expenses: Sales salaries and commissions 104,100 Advertising 87,000 Miscellaneous selling expense 7,500 2.5 12 13 15 Administrative expenses: