A company is working on their budgets for the year 2021. They produce two unique products: Degreaser and Polish. The Degreaser has two Raw Materials: soap and baking soda. The Polish also has two Raw Materials: ketchup and salt. The table below has a few of their expectations for 2021. Expected Finished Goods to produce in 2021 Raw Materials used in production of one unit of Degreaser Raw Materials used in production of one unit of Polish Estimated beginning quantities of Raw Materials Inventory Desired ending quantities of Raw Materials Inventory Degreaser: 8,345 units Polish: 34,719 units Desired ending quantities of Finished Goods Inventory Soap: 4.4 oz at $0.523 per oz Baking Soda: 7.9 oz at $0.351 per oz Estimated beginning quantities of Finished Goods Inventory Ketchup: 1.1 oz at $0.548 per oz Salt: 7.6 oz at $0.408 per oz Soap: 1,235.1 oz Baking Soda: 2,757.2 oz Ketchup: 34,713.6 oz Salt: 49,121.8 oz Soap: 1,491.8 oz Baking Soda: 2,816.7 oz Ketchup: 36,626.2 oz Salt: 48,626.9 oz Degreaser: 10,114 units Polish: 20,679 units Degreaser: 10,349 units Polish: 24,086 units What is the dollar value of budgeted salt purchases? (Round your calculations to a level that makes sense for the situation. Enter your final answer

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.