The Eastern Technology Company manufactures Weather Radios for sale to retailers such as Wal- Mart, Target, etc. The 2016 quarterly unit sales estimates and projected sales prices per unit areas follows: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Sales units 9,200 9,300 9,500 9,400 Price per unit $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: Number of Components/Unit Switches @ $4/switch Resistors @ $8/switch 3 2 Number of minutes required to complete finished unit Direct labor minutes per unit Machine minutes per unit 30 12 Hour rates used Direct labor rate= $10/hour Manufacturing overhead rates (ie, the POHRs to use to apply overhead) Labor-related- $25/hour Machine-related- $40/hour MacBook Pro Number of minutes required to complete finished unit Direct labor minutes per unit Machine minutes per unit 30 12 Hour rates used Direct labor rate= $10/hour Manufacturing overhead rates (i.e., the POHRs to use to apply overhead) Labor-related= $25/hour Machine-related= $40/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% of the next quarter's budgeted sales units. Beginning inventory for direct materials and finished goods are assumed to be zero as of 1/1/2016. This is an individual assignment. Sharing of work product or discussion of your results with other students (current, past or future) is a violation of the Academic Honesty Code and will be reported to the Academic Honesty Committee. D MacBook Pro I D E F G Manufacturing Overhead Budget Q1 Labor-related rate per hour DL hours required Labor-related OH cost $ Q2 25 4,832.50 120,812.50 Q3 25 4,655.00 116,375.00 $ Q4 25 4,747.50 118,687.50 $ 25 4,715.00 117,875.00 Machine-related rate per hour Machine hours required Machine-related OH cost 40 1,933 $77,320 40 1,862 $74,480 40 1,899 $75,960 40 886 $75,440 Total OH costs OH Cost per unit produced $198,132.50 20.50 $ $190,855 20.50 $ $ $194,647.50 20.59 $ $193,315 20.50 Total Product Cost per Unit Cost of Goods Sold $ $ $ $ $ $ $ $