Help Sub Check my word 7 PA8-5 (Algo) Preparing Operating Budget Components [LO 8-3f, g, h) 10 pot Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular items is a corless power handisaw. Each handisaw sells for $70. Wesley expects the following unit sales: 2,200 2,700 January February March April May 3,600 2,700 Print rences Wesley's ending finished goods inventory policy is 20 percent of the next month's sales Suppose each handisaw takes approximately 0 65 hours to manufacture, and Wesley pays an average labor wage of $15.50 per hour. Each handisaw requires a plastic housing that Wesley purchases from a supplier at a cost of $5.00 each. The company has an ending direct materials inventory policy of 10 percent of the following month's production requirements. Materials other than the housing unit total $3.50 per hand saw Manufacturing overhead for this product includes $66,000 annual fixed overhead based on production of 24,000 units) and 5100 per unit variable manufacturing overhead Wesley's selling expenses are 5 percent of sales dollars, and administrative expenses are fixed at $16.000 per month Required: 1. Comoute the budoeted cost of coods sold for the first quarter