Question 23 6 pts Beck Industries, Inc. builds parts for large automated heavy equipment. The Vice President for Marketing has determined that sales are dwindling for the firm's products because of aggressive pricing by competitors. Beck Industries sells the product for $725 whereas the competition's comparable part is selling in the $650 range. The VP for Marketing has determined that a price drop to $635 is necessary to regain market share and annual sales of 1,800 units. Data based on sales of 1,800 units is as follows: Budgeted Actual Cost Amount Amount Direct material 10,000 $9.60 per 8,000 sq.ft. (sheet metal) sq.ft. sq.ft. 32.60 per Direct labor 4,800 hrs. 5,000 hrs. hour 38.00 per Machine setups 2,600 hrs. 2,800 hrs. hour Mechanical 35.00 per 3,200 hrs. 3,600 hrs. assembly hour Problem 4.1