Required information [The following information applies to the questions displayed below.) FreshPak Corporation manufactures two types of cardboard boxes used in shipping canned food, fruit, and vegetables. The canned food box (type C) and the perishable food box (type P) have the following material and labor requirements. Type of Box P Direct material required per 100 boxes: Paperboard ($0.34 per pound) Corrugating medium ($0.17 per pound) Direct labor required per 100 boxes ($14.00 per hour) 50 pounds 40 pounds 0.35 hour 90 pounds 50 pounds 0.70 hour The following production-overhead costs are anticipated for the next year. The predetermined overhead rate is based on a production volume of 410,000 units for each type of box. Production overhead is applied on the basis of direct-labor hours. Indirect material Indirect labor Utilities Property taxes Insurance Depreciation Total $ 12,450 82,190 34,500 23,000 18,000 36,500 $206,640 The following selling and administrative expenses are anticipated for the next year. Salaries and fringe benefits of sales personnel Advertising Management salaries and fringe benefits clerical wages and fringe benefits Miscellaneous administrative expenses Total $118,500 24,500 139,000 41,000 6,400 $329,400 The sales forecast for the next year is as follows: Box type C Box type P Sales Volume 415,000 boxes 415,000 boxes Sales Price $135.00 per hundred boxes 195.00 per hundred boxes The following inventory information is available for the next year. The unit production costs for each product are expected to be the same this year and next year. Expected Inventory January 1 Desired Ending Inventory December 31 14,000 boxes 24,000 boxes Finished goods: Box type C Box type P Raw material: Paperboard Corrugating medium 9,000 boxes 19,000 boxes 17,000 pounds 7,000 pounds 7,000 pounds 12,000 pounds Prepare a master budget for FreshPak Corporation for the next year. Assume an income tax rate of 40 percent Required: 1. Prepare the sales budget for the next year. (Round "Sales price per unit" to 2 decimal places.) Box C Box P Total Sales (in units) Sales price per unit Sales revenue $ 0 $ 0 0