Units per P2 Beginning Balance Ending Balance 3 DATA 1 2020 Projected Production standards: Units per P1 56 Direct labor hrs T1 57 Direct labor hrs T2 68 Machine hrs 69 Lbs of Z1 70 Units of 22 71 Feet of Z3 Unit cost of input $40.00 $36.00 0.3 0.025 $1.50 $2.00 $0.75 42,000 60,000 75,000 47,000 66,000 70,000 73 The production of P1 and P2 requires direct labor (2 types), machine hours, 74 and direct materials (3 types: Z1, Z2, and Z3). Input-output relations 75 are given in the table above per unit of output. Input prices are per unit 76 of input such as a pound, hour, foot, or unit. U 1 The total number of T1 labor hours required 33 The total number of T2 labor hours required 85 The total number of machine hours required 87 The total number of lbs. of input Z1 required 88 8 DATA 9 2020 projected sales: Product 11 P1 12 P2 Sales 41,000 76,000 Price $64.00 $77.00 14 2020 projected Finished Goods inventory balance (units) 15 Product 1/1/2020 12/31/2020 10,000 12,000 17 P2 22,000 20,000