FreshPak Corporation manufactures two types of cardboard boxes used in shipping canned food, fruit, and vegetables. The canned food box (type C) and the perishable food box (type P) have the following material and labor requirements.

The following production-overhead costs are anticipated for the next year. The predetermined overhead rate is based on a production volume of 420,000 units for each type of box. Production overhead is applied on the basis of direct-labor hours.

Additional Data:

* Budgeted Manufacturing Overhead Cost = $170,100

* Tax Rate = 40%

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Prepare the budgeted income statement for the next year.

This is what I have so far but I can't seem to get the other numbers correct.

Type of Box Direct material required per 100 boxes: Paperboard ($0.38 per pound) Corrugating medium (S0.19 per pound) 30 pounds 20 pounds 70 pounds 30 pounds Direct labor required per 100 boxes ($16.00 per hour) 0.15 hour 0.30 hour