Panther Graduation Supplies Company makes diploma covers in one style, but in Regular and Deluxe materials. The Regular covers are made of faux leather and the Deluxe covers are made of genuine leather. Panther Graduation Supplies Company is preparing its budget for December 2025 and has estimated sales based on past experience. The following is information for the month of December 2025 : Input Quantities per Unit of Output (per diploma cover) Inventory Information (Direct Materials) Panther Graduation Supplies Company accounts for Direct Materials using FIFO cost flow assumption Sales and Inventory Information (Finished Goods) Page 1 ACG 4341 Fall 2023 Comprehensive Budgeting Project Panther Graduation Supplies Company uses the FIFO cost flow assumption for finished goods inventory. Diploma covers are made in batches of 50 units. Panther incurs manufacturing overhead costs. marketing and general administrative, and shipping costs. Besides materials and labor, manufacturing costs include setup, processing, and inspection costs. Panther ships 40 diploma covers per shipment. Panther uses activity-based costing and has classified all overhead costs for the month of December as follows: Nonmanufacturing Costs Budget For the Month of December, 2025 Marketing and General Administration Shipping Total