IS as TONIOWS: Budgeted Amount Actual Amount Cost Direct materials (sheet metal) 8,000 sq.ft. 10,000 sq.ft. $9.66 per sq.ft. Direct labor 4,800 hrs. $33.60 per 5,000 hrs. hour Machine setups 2,600 hrs. 2,800 hrs. $42.00 per hour Mechanical assembly 3,200 hrs. 3,600 hrs. $34.00 per hour Q. The current profit per unit is $354.50 $150.00 $655.74 $394.53 that a price drop to $625 is necessary to regain market share and annual sales of 1,200 units. Data based on sales of 1,200 units is as follows: Budgeted Amount Actual Amount Cost $9.66 per Direct materials (sheet metal) Direct labor 8,000 sq.ft. 10,000 sq.ft. sq.ft. $33.60 per 4,800 hrs. 5,000 hrs. hour $42.00 per 2,600 hrs. 2,800 hrs. hour $34.00 per 3,200 hrs. 3,600 hrs. hour Machine setups Mechanical assembly