Direct materials- budgeted costs $1,440,000, budgeted costs per unit $18, percentage of costs $100%

Direct labor- budgeted costs $160,000, budgeted costs per unit $2, percentage of costs 100%

Manufacturing overhead (fixed and variable)- " $2,400,000, " $30, " 10%

Selling and administrative expenses- " $800,00, " $10, " 40%

Totals- " $4,800,000, " $60

If they company sells bags at a unit price of $71 per unit, compute the following:

1. How do I find the Total fixed costs budgeted for the year?