Question 8 0 / 8 points Polly Company manufactures a product called X-Box. Each unit of X-Box requires two types of materials - specialized electrical switches and engine. Since the production of these specialized switches and the engine by Polly's suppliers is sometimes irregular, the company has a policy of maintaining ending inventory of materials at the end of each month equal of electrical switches and engine. Payments for the purchases of raw materials (specialized electrical switches and engine) are made in two months - a portion is paid in the month purchases and the rest is paid in the following month. The data for the first three months of upcoming year is provided below. Sales Data January February March Budgeted Sales Units of X-Box 8,000 7.500 7.800 Budgeted Selling Price per Unit of X-Box $60.00 $60.00 $60.00 Ending Inventory Policy: X-Box as a % of next month sales 30% 30% 30% Electrical switches as a % of next month 12% 12% 12% production needs Engine as a % of next month production 10% 10% 10% needs Direct Materials Needed Electronic Switches - units needed per X- 5 5 Box Electrical switch - Cost per unit $1.80 $1.80 $1.80 Engine - units needed per X-Box 1 Engine - Cost per unit $26.00 $26.00 $26,00Ending Inventory Policy: X-Box as a % of next month sales 30% 30% 30% Electrical switches as a % of next month production needs 12% 12% 12% Engine as a % of next month production needs 10% 10% 10% Direct Materials Needed Electronic Switches - units needed per X- Box 5 5 5 Electrical switch - Cost per unit $1.80 $1.80 $1.80 Engine - units needed per X-Box 1 1 1 Engine - Cost per unit $26.00 $26.00 $26.00 Direct Labor Data: Direct labor hours needed per unit of X-Box 1.2 1.2 1.2 Direct labor rate per hour $12.00 $12.00 $12.00 Manufacturing Overhead Cost Data: Variable factory overhead as % of direct labor 35% 35% 35% cost Fixed factory overhead $80,000 |$80,000 $80,000 Assume budgeted Production Units is determined to be 8,600 units. Compute total production costs for the month of January. Example of Answer: 4000 (No comma, space, decimal point, or $ sign)