budgeted the following amounts for the month:
	Selling price	$125 per unit
	Direct materials	2 units @ $14 each
	Direct labour	1.5 hours @ $22 per hour
	Variable overhead	1.5 hours @ $3 per hour
	Fixed overhead	1.5 hours @ $12 per hour
The application rate for fixed overhead is based on normal production of 24,000 units.
master budget and a flexible budget at 25,500 units.