Question 37 Plantito Inc., produces potted plants. For next year, Pietro predicts that 45,000 units will be produced, with the following total costs: Direct materials Direct labor ? 80,000 Variable overhead 28.000 Fixed overhead 250,000 Next year, Plantito Inc. expects to purchase 121,000 of direct materials. Projected beginning and ending inventories are as follows: Direct materials Inventory Work-in- Process Finished goods Beginning 6,500 10,600 25,950. Ending 5,800 28,000 31,500 Plantito Inc. expects to produce 45,000 units and sell 43,500 units at a price of $15.00 each. Total selling expense is projected at $76,000, and total administrative expense is projected at $150,000. Provide the following: Materials issued to production Total manufacturing cost for the period Cost of goods manufactured Cost of goods sold Gross Profit Net income / -loss What should be the selling price to have a net income of 165,500? What should be the selling price to have a net income of 513,500? If the selling price is fixed to 14, and you cannot reduce any cost/expense other than administrative expense, how much are going to reduce in order to have breakeven? (no need to put negative sign) If the selling price is fixed to 18, and you cannot reduce any cost/expense other than selling expense, how much are going to reduce in order to have net income of 130500? (no need to put negative sign) Note: Don't put commas and currency sign in your answers. Example of correct answer format: 10000 and -10000