General information: OPTIMA, INC. Selling price of bamboo rocking horses $33.50 Linear feet of bamboo required per rocking horse 3 Cost of bamboo per foot $2.00 Hours required to build 0.50 Average hourly direct labor rate $15.00 Additional information: Ending finished goods inventory (percentage of the next quarter's sales) Ending raw materials inventory (percentage of the next quarter's production) Variable manufacturing overhead rate per direct labor hour Estimated quarterly fixed manufacturing overhead Estimated monthly selling and administrative expenses: Variable Fixed 40% 30% Quarters/Year $8.00 $275,000.00 4 $6.00 $200,000.00