The manager of Chayim, Inc. reviewed the year just completed, hoping to establish a point of comparison for measuring the company's actual performance. Sales volume came in lower than expected, at 5,100 units, compared with budgeted sales of 5,700 units. Chayim's budgeted DM, DL, and variable-MOH costs added up to $22 per unit with an expected selling price of $49 per unit. Budgeted fixed costs totaled $127,000. There were no variable SG&A costs. Prepare Chayim's flexible budget for the year just ended. Specifically, note the following: the point in time when this budget was prepared and the specific type of information that went into the budget. What purpose(s) will this flexible budget likely serve for Chayim Inc.? 

Determine the standard cost of a product.