Sales Budget Production Budget Direct Mtls Direct Lbr Factory OH Selling Exp Admin Exp Budget Budget Budget Budget Budget Cost of Goods Sold Income Statement Requirement Using information from the sales budget and the following information, calculate the budgeted cost of goods sold for Conlan Inc. The product's manufacturing cost is $215 per unit, including per unit costs of $90 for materials (6 lbs. at $15 per lb.), $88 for direct labor (4 hours x $22 direct labor rate per hour), $25 for variable overhead, and $12 for fixed overhead. Annual fixed overhead consists, incurred evenly throughout the year, consist of depreciation on production equipment, $20,700; factory utilities, $25,800, and other factory overhead of $5,136. Conlan Inc. Cost of Goods Sold Budget For the year ended December 31, 2018 First Qtr. 1,170 Second Qtr. 780 Third Qtr. Fourth Qtr. Total 1,040 1,040 4,030 Cost of goods sold < Admin Exp Budget Income Statement > Show less A