Daniel, Inc., plans to produce $6000$ ceramic vases. The planned selling price is $$53.$ Total budgeted FMOH is $$6000.$ Information regarding the budgeted variable costs are given below:

Direct materials

Input standard: $2$ lbs

Price standard: $$1\mathrm{.}50/$lb

Direct labor

Input standard: $1$ hr

Price standard: $$10/$hr

Variable MOH

Input standard: $1$ hr

Price standard: $$2/$hr

Fixed MOH

Hint: Add Fixed MOH per unit produced $($budgeted FMOH$/$ budgeted production$)$

The following inventory levels apply to $20$X$4$:

Direct materials

Beg. Inventory: $1100$ lbs

End. Inventory: $11000$ lbs

WIP

Beg. Inventory: $0$ units

End. Inventory: $0$ units

Finished goods

Beg. Inventory: $500$ vases

End. Inventory: $500$ vases

What is the budgeted revenue? Correct answer $=318,000$ Show how to get correct answer.