The Eastem Technology Company manufactures Weather Radios for sale to retailers such as Wal- Mart, Target, etc. The 2016 quarterly unit sales estimates and projected ales prices per unit areas follows: r Quarter Quarter 9,200 9,300 9,500 9400 $90 $90 90 90 Also, note that that projected sales (and projected production) for Quarter 1 of 2017 is 10,000 units Product Cost Assumptions The company's product requires two raw materials resistors and switches. Cost parameters are as follows: of Components/Unit S4/switch S8/switch Number of minutes required to complete unit labor minutes per unit 30 minutes per unit 12 Hour rates used t labor rate S10 hour Manufacturing overhead rates (ie., the POHRs to use to apply overhead) $25/hour S40 hour Eastern applies manufacturing overhead using two cost drivers: direct-labor hours and machine hours Ending Inventories The desired ending inventories for each of the two direct materials is 10% of the next quarter's respective amount of direct materials needed for production. The desired finished goods ending inventory is 5% o units. Beginning inventory for direct materials and finished goods are assumed to be zero as of 1/1/2016 f the next quarter's budgeted sales Prepare the Following Budgets: Sales Budget