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Production and related schedules Goldstein Inc. manufactures and sells plastic boxes and trays. Sales are projected to be evenly spread over the annual period. Estimated product sales and material needs for each unit of product follow. Annual Sales Material A Material B Direct Labor Boxes Trays 42.000 30.000 2.0 pounds 1.0 pound 1.5 pounds 0.8 pound 0.3 hour 0.2 hour Overhead is applied at a rate of $1.60 per direct labor hour. Expected Beg, Inv Desired End. Imv. Material A (pounds) Material B (pounds) Boxes (unit Trays unt 1,750 5,000 1.200 800 1.500 1,400 1.000 650 Material A costs $0.05 per pound, and Material B costs $0.07 per pound. Prepare the following information Material A costs $0.05 per pound, and Material B costs $0.07 per pound. Prepare the following information: a. Production schedule by product. Note: Use a negative sign in your schedule to indicate that an amount is subtracted. Production budget Units of sales Units desired in ending inv. Units needed Units in beginning inv. Budgeted production Boxes Trays b. Purchases budget in units by raw material, in total, and in dollars. Note: Round your final answers to the nearest whole dollar. Material purchases: Material A Material B Total Pounds Dollars $ $ S Direct labor budget in hours by product, in total, and in dollars. The average direct labor wage rate is $9.50 per hour. 4 b. Purchases budget in units by raw material, in total, and in dollars. Note: Round your final answers to the nearest whole dollar. Material purchases: Pounds Material A Material B Total Dollars $ $ $ C Direct labor budget in hours by product, in total, and in dollars. The average direct labor wage rate is $9.50 per hour. Direct labor budget Required DL hours Boxes Trays Total DCHS Average DL wage rate $ Total cost $ d. Overhead to be charged to production by product and in total Trays Activity base (DLR Mulopied by OH rate S $ Overhead applied S $ Total

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