Jean$-$Pierre makes Spins which sell for $$10,000$ each. Since each Spin only takes two hours to assemble, there is essentially no work$-$in$-$process inventory.

Each Spin should use $5$ pounds of BS at an expected cost of $$500$ per pound.

Each Spin should incur two direct labor hours at an expected cost of $$300$ per DLH$.$

Overhead is budgeted $($and applied$)$ at $$200$ per DLH$.$

Inventory balances are as follows $($Jean$-$Pierre uses FIFO inventory cost flow assumption$)$:

$\backslash$table$[[,,$Units,Dollars,$],[$BS inventory,$\frac{1}{1}\frac{?}{2023},1,000,$$$450,000,],[\frac{12}{31}\frac{?}{2023},1100,,$ Budgeted$]]$

$\backslash$table$[[$Finished Spins,$\frac{1}{1}\frac{?}{2023},1,000,$$$3,200,000,],[\frac{12}{31}\frac{?}{2023},1,100,,$ Budgeted$]]$

During $2023($the entire year$)$ Jean$-$Pierre expects to sell $1,300$ Spins.

What is the budgeted cost of BS purchased for $2023?$

What is the budgeted dollar value of ending BS inventory?

What is the budgeted cost of direct labor for $2023?$

What is budgeted overhead for $2023?$

What is the budgeted cost of Spins manufactured for $2023?$

What is budgeted dollar value of ending Finished Spin inventory?

How much income does Jean$-$Pierre expect to make if they sell $1,300$ Spins in $2023$ and have budgeted Selling & Administrative expenses $($including bribes and kick$-$backs$)$ of $$7,000,000($assume no income taxes$)?$

$2$What does this mean