Brandon's Boards makes reasonably high$-$end skateboards which sell for $$550$ each. The production process is fairly simple and involves assembling components purchased from various suppliers. Since each skateboard only takes two hours to assemble, there is essentially no work$-$in$-$process inventory.Costs for the skateboard components are:DeckTrucksWheelsBearingsBolts, etc.Hardware package $-$ net$$50\mathrm{.}00550\mathrm{.}0040\mathrm{.}0035\mathrm{.}0015\mathrm{.}00$Total$140\mathrm{.}00$$$190\mathrm{.}00$Each board should take two hours of direct labor to assemble. Direct labor wages are $$55$ per hour.Other indirect manufacturing costs on a monthly basis are budgeted to be:RentInsuranceUtilitiesMiscellaneous$$2,800508200500$$$4,008$Inventory balances are as follows $($Brandon$\text{'}$s uses FIFO inventory cost flow assumption$)$:Decks$1/1/2024$Units$350$Dollars$$15,75012/31/2024340<$ BudgetedHardware Package$1/1/2024360$S$46\mathrm{.}80012/31/2024340<$ BudgetedFinished skateboards $1/1/2024300$$$82,50012/31/2024330<$ Budgeted