Atlantic Surf manufoctures surboseds. The company's budgeted sales units for the next three months is shown below. Company policy is to ma'ntain finished goods inventory equal (in units) to 50% of the next month's unit sales. As of June 30 , the company has 2,350 finished surfboords in inventory. Prepare the production budget for the months of July and August. Hockey Pro budgets 360 hours of direct labor during May. The company applies variable overhead at the rate of 5 hour, Budgeted fixed overhead equals $47,000 per month. Prepare a factory overhead budget for May