The budget director of Gold Medal Athletic Co., with the assistance of the controller, treasurer, manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for March 2014 production a. Estimated sales for March Batting helmet 1,200 units at $40per unit Football helmet 6500 units at$160 per unit b. Estimated inventories a March 1 Direct material Finished products: 40 units at $25 per unit Plastic 900 Ibs. Foam lining 80 bs, Football helmet 240 units at S77 per unit Desired inventories at March 31: Finished products: 50lbs. Batting helmet 500 units at $25per unit Football helmet 220 units at $78 per unit Foam lining... 65 lbs. d. Direct materials used in production: In manufacture ofbatting helmet: ,20 lbs, per unit of product Foam lining 050b per unit of product In manufacture of football helmet: 350 per unit of product Foam lining 1.50 lbs. per unit ofproduct e. Anticipated cost of purchases and beginning and ending inventory of direct materials: Plastic $600 per lb. $400 per lb. Direct labor requirements: Batting helmet: 020 hr. at $20 perhr. Molding Department. Assemi bly Department 050 hrs at S14 per hr. Football helmet: 050 hr at$20 per hr. Molding Department Assembly Department 180 hrs at $14 per hr. g. Estimated factory overhead costs for March: $86000 Power and light indirect factory wages Depreciation of plant andequipment 12.000 Insurance and property tax h Estimated operating expenses for March: Sales salaries expense $184,300 Advertising expense 87,200 Office salaries expense 32A00 Depreciation expense-office equipment Telephone expense-sell 5800 Telephone expense administrative Travel expense-sel ling Office supplies expense Miscellaneous administrative expense i Estimated other income and expense for March: Interest revenue Interest expense j. Estimated tax rate: 3