Production and related schedules Goldstein Inc. manufactures and sells plastic boxes and trays. Sales are projected to be evenly spread over the annual period. Estimated product sales and material needs for each unit of product follow. Boxes Trays Annual Sales 42,000 30,000 Material A 2.0 pounds 1.0 pound Material B 1.5 pounds 0.8 pound Direct Labor 0.3 hour 0.2 hour Overhead is applied at a rate of $1.60 per direct labor hour. Expected Beg. Inv Desired End. Inv. Material A (pounds) 1,780 1,500 Material B (pounds) 5,000 1,400 Boxes (units) 1,200 1,800 Trays (units) 800 650 Material A costs $0.05 per pound, and Material B costs $0.07 per pound. Prepare the following information: a. Production schedule by product, Note: Use a negative sign in your schedule to indicate that an amount is subtracted. Production budget Boxes Trays Units of sales Units desired in ending inv. Units needed Units in beginning inv. Budgeted production b. Purchases budget in units by raw material, in total, and in dollars. Note: Round your final answers to the nearest whole dollar. Material purchases: Pounds Dollars Material A $ Material B $ Total $ C. Direct labor budget in hours by product, in total, and in dollars. The average direct labor wage rate is $9.50 per hour. Direct labor budget Required DL hours: Boxes Trays Total DLHs Average DL wage rate $ Total DL cost $ d. Overhead to be charged to production by product and in total. Boxes Trays Total Activity base (DLHS) Multiplied by OH rate $ $ Overhead applied $ $ $