Part B2: Hayes Company Continued O At Hayes, 2 hours of direct labor are required to produce each unit of finished goods. O The anticipated hourly wage rate is $10. Hayes Company expects variable costs to fluctuate with production volume on the basis of the following rates per direct labor hours: indirect materials $1, indirect labor $1.4, utilities $0.4 and maintainence $0.2. All amounts for fixed costs are assumed. Variable expense rates per unit of sales are sales commission $3 and freight-out $1. Variable expenses per quarter are based on the unit sales from sales budget. Hayes expects sales in the first quarter to be 3,000. Prepare the following budgets: Direct Labor, Manufacturing Overhead & Selling & Admin >>>