The Neptune company produces two products, A and B.

The company requires a sales volume for 2023 of 4000 units for Product A, and the required closing Finished Goods Inventory for this product is 9000 units. For Product B, the company predicts a sales volume of 6000 units, and has a required closing Finished Goods inventory of 5000 units.

At present, the opening finished goods inventory for product A is 4000 units, while the opening inventory for Product B is 1000 units

To produce these products, the following raw materials are required:

Product A requires 2 kg of X and 3kg of Y per unit

Product B requires 3kg of X and 5kg of Y per unit

Cost per kg - $1 for X; $2.5 for Y

In addition to the materials,

Product A requires three hours of cutting and two hours of finishing per unit

Product B requires requires one hour of cutting and three hours of finishing per unit.

The direct labour rate is $13 per hour for cutting and $14 per hour for finishing.

Required:

(i) Determine the required production during 2023 in units for each product

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Product A

Product B

(ii) Determine the material cost of X and Y incurred to meet production during 2023 (2 mark)

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Total cost of material X

Total cost of material Y

(iii) Determine the total direct labour cost for Neptune company

Please only enter number do not use comma, dollar sign or decimal point

Total Labour cost