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Clairpointe Accessories manufactures products for food preparation at several different manufacturing sites, The following costs and other data apply to unit production from the year just ending: The plant controller at the Norfolk Street facility is preparing the budget for the coming year. You learn that equipment and facilities costs are fixed and are based on a normal production of 46,000 units per year. Other overhead costs are variable. Plant capacity is sulficlent to produce 53.500 units per year. Direct labor costs per hour are expected to rise by 5 percent this year. Wood prices are expected to remain unchanged, but plastic prices are expected to decrease by 8 percent. A new production method, which will be put into use at the beginning of the coming year, will result in a reduction of the wood required to produce a unit by 3 percent. No other costs are expected to charige. During the coming budget period, Claipolnte expects to sell 48,000 units. Finished goods inventory is targeted to deciease from the cuirent balance of 20,000 units to 19,500 units as part of a corporate-wide initative to lower inventory levels. Production will occur evenly theoughout the yeat. Inventory fevels for wood and plastic are expected to remain unchanged throughout the year. There is no work-in-process inventory. Complete this question by entering your answers in the tabs below. Prepare a production budget for the coming year. Required: a. Prepare a production budget for the coming year. b. Estimate the direct materials, direct labor, and overhead costs for the coming year. () Answer is not complete. Complete this question by entering your answers in the tabs below. Estimate the direct materials, direct labor, and overhead costs for the coming year