-Need Help with the last part which is part B

EcoSacks manufactures cloth shopping bags. The controller is preparing a budget for the coming year and asks for your assistance. The following costs and other data apply to bag production.

OT EcoSocks manufactures cloth shopping bags. The controller is preparing a budget for the coming year and asks for your assistance. The following costs and other date apply to bag production 10 points Direct materials per bag 3.20 yard cotton at $4.00 per yard 1.10 yards canvas finish at $11.ee per yard Direct labor per bag 1.40 hour at $19.90 per hour Overhead per bag Indirect labor Indirect materials Power Equipment costs Building occupancy Total overhead per unit $ 1.se 2.20 2.40 3.3e 2.90 $12.30 You leam that equipment costs and building occupancy are fixed and are based on a normal production of 500,000 units per year. Other overhead costs are variable. Plant capacity is sufficient to produce 595.000 units per year. Labor costs per hour are not expected to change during the year. However, the cotton supplier has informed EcoSocks that it will impose a 20 percent price increase at the start of the coming budget period. No other costs are expected to change. During the coming budget period, EcoSocks expects to sell 440.000 begs. Finished goods inventory is targeted to increase from the current balance of 120,000 units to 155.000 units to prepare for an expected sales increase the year after next as a result of legislation in several states regarding plastic bags. Production will occur evenly throughout the year. Inventory levels for cotton and conves are expected to remain unchanged throughout the year. There is no work-in-process inventory. Required: a. Prepare a production budget for the coming year. b. Estimate the materials, labor and overhead costs for the coming year. Answer is not complete Complete this question by entering your answers in the tabs below. Required A Required B Prepare a production budget for the coming year. ECO SACKS Production Budget For the Coming Year (In unita) Expected sales Add: Desired ending inventory of finished goods Total needs Less: Beginning inventory of finished goods Units to be produced 440,000 155,000 596.000 120,000 475,000 Required: a. Prepare a production budget for the coming year. b. Estimate the materials, labor, and overhead costs for the coming year. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required Estimate the materials, labor, and overhead costs for the coming year. Material costs Labor costs Overhead costs