This question has two parts (3 points per part). Fisher Corporation, which is preparing the annual...

  

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This question has two parts (3 points per part). Fisher Corporation, which is preparing the annual budget for next year, has provided beginning and ending inventory levels for next year as follows: Finished goods (units) Raw materials (ounces) Beginning Inventory Ending Inventory 3,000 6,000 4,500 9,000 Each unit of finished product will require 0.25 direct labor hours, and direct laborers will be paid $20 per hour. Each unit of finished product will require 2 ounces of raw material. Raw materials will cost $6 per ounce. The company is planning to sell 80,000 units of finished goods next year. Part 1 How much direct labor (in total dollars) will Fisher Corporation incur next year? Part 2. How many ounces of raw materials (in total) will Fisher need to purchase next year? This question has two parts (3 points per part). Fisher Corporation, which is preparing the annual budget for next year, has provided beginning and ending inventory levels for next year as follows: Finished goods (units) Raw materials (ounces) Beginning Inventory Ending Inventory 3,000 6,000 4,500 9,000 Each unit of finished product will require 0.25 direct labor hours, and direct laborers will be paid $20 per hour. Each unit of finished product will require 2 ounces of raw material. Raw materials will cost $6 per ounce. The company is planning to sell 80,000 units of finished goods next year. Part 1 How much direct labor (in total dollars) will Fisher Corporation incur next year? Part 2. How many ounces of raw materials (in total) will Fisher need to purchase next year?