Sale budget for 2001 (all units to be shipped in this year and on account) Product Chair Table Units Price ($) 80,000 122 40,000 192 Raw material prices and inventory levels: Raw material Expected inventories, 1/1/2001 (kg) Desired. Anticipated inventories, purchase 31/12/2001 (kg) price ($) Wood 42,000 36,000 Sheet metal 29,000 32,000 Plastic 6,000 7,000 075 10 - Use of raw material Amount Used in unit Raw material Chair Table Wood (kg) 5 7 Sheet metal (kg) 5 6 Plastic (kg) 2 - Direct labor requirements and rates Product Chair Table Hours per unit rate per hour ($) 3 5 22 20 25 Finished goods inventories (in units) Product Chair Table Desired. inventories, Expected inventories, 1/1/2001 31/12/2001 :20020 8,000 25,000 9020 - Production overhead Overhead cost activity: Purchasing and material handling Depreciation, utilities, and inspection Shipping general production overhead Activity- based budget rate $0.25 per kg of wood and metal purchased $4 per chair and table produced $1 per chair and table shipped $3 per Direct labor hour