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Elton, Inc, expects to sell 10,000 ceramic vases for $22 each. Direct materials costs are $2. direct manufacturing labor is $12, and manufacturing overhead

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Elton, Inc, expects to sell 10,000 ceramic vases for $22 each. Direct materials costs are $2. direct manufacturing labor is $12, and manufacturing overhead is $4 per vase. The following inventory levels apply to 2016 Work-in-proces inventory Finished goods inventory Beginning inventory 4000 unda Ending inventory 4000 0 units Out 200 unit 500 What are the 2016 budgeted production costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively? $20,000 $120,000, $41,200 $20,000, $120,000 $40,000 $8000, 50, $10,000 $8000, $48,000, $16.000

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