Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs: 0.55 0.75 1.85 Direct materials $1.70 Direct labor Variable overhead Fixed overhead Total unit cost $4.85 For the coming year, Play-Disc expects to make 400,000 plastic discs, and to sell 381,000 of them. Budgeted beginning inventory in units is 17,000 with unit cost of $4,85. (There are no beginning or ending inventories of work in process.) Required: 1. Calculate the total budgeted cost of units produced for Play-Disc for the coming year. Show the cost of direct materials, direct labor, and overhead. Budgeted direct materials Budgeted direct labor Budgeted overhead Total budgeted manufacturing cost 2. Prepare a cost of goods sold budget for Play-Disc for the year. Play-Disc Cost of Goods Sold Budget For the Year Total manufacturing cost $ Fixed overhead $4.85 Total unit cost For the coming year, Play-Disc expects to make 400,000 plastic discs, and to sell 381,000 of them. Budgeted beginning inventory in units is 17,000 with unit cost of $4.85. (There are no beginning or ending inventories of work in process.) Required: 1. Calculate the total budgeted cost of units produced for Play-Disc for the coming year. Show the cost of direct materials, direct labor, and overhead. Budgeted direct materials Budgeted direct labor Budgeted overhead Total budgeted manufacturing cost > 2. Prepare a cost of goods sold budget for Play-Disc for the year. Play-Disc Cost of Goods Sold Budget For the Year Total manufacturing costs Cost of goods sold 3. What if the beginning inventory of finished goods was $81,750 (for 17,000 units)? How would that affect the cost of goods sold budget? (Assume Play-Disc uses the FIFO method.) The cost of goods sold would to $