Calculate an operational budget for the month of January using the information shown. Planning Assumption (1) Direct labor cost increase by 2% (2) Purchase machine for $28,000 with a salvage value of $4,000 and a 10 year life purchased on the first day of the year Sales units (January) 70,000 Production units (January) 84.000 Sales price per unit $8 Depreciation $955 Direct material per unit $1.50 Direct labor hours per unit 0.08 19 Direct labor rate per hour Manufacturing overhead (excluding depreciation) 14,000 Variable sales and administration expenses $2.70 Fixed sales and administration expenses $23,000 Taxes 30% What is the budgeted depreciation for January