Department Budget $ Yearly Budget Manufacturing Operations Direct Labor $4,080,000 Direct Material $1,590,000 Indirect Material $150,000 Indirect Labor $375,000 Plant Rent $141,200 Plant Depreciation $220,000 Accounts Payable $75,000 Department Consumables $68,400 Manufacturing VP $70,000 Sales Forecast (units) Product 1 Product 2 Total 12,000 10,500 Planned Operational Data Product 1 Product 2 Sales Price per unit $250 $175 Direct Material $ per unit 80 60 Direct labor hrs per unit 8 12 Direct Labor rate per hour $20.00 What is Product 1 product cost? $20.00