Sandrine Ltd manufactures two types of motor vehicle tyres: standard which sells for $150 and deluxe which sells for sand. They anticipate selling 3,5oo standard tyres and 35%: deluxe tyres during em}. The tyres have the following materials and labour requirements: Direct materials: Rubber ($10: per kg] Steel {sgo per kg] Direct labour ($15 per hour) The following factory overhead costs are anticipated for the coming year. The predetermined overhead rate is based on a total estimated direct labour time of 11,ooo hours. The applied overhead cost is used in the valuation of finished goods. Any amount over- or under-applied for the year is shown separately in the income statement. Indirect materials Indirect labour Power and lighting Rates and taxes Insurance Depreciation of equipment The following inventory information is available: m Actua[ stock Desired stock Finished goods: Standard tyres Deluxe tyres Direct materials: Rubber Steel