It is not 312,504 or 163,977 Do not give solution in image format West Partners manufactures metal fixtures. Each fitting requires both steel and an alloy that can withstand extremetemperatures. The following data apply to the production of the fittings for year 1:Direct materials per unit2.0 pounds of steel at $0.80 per pound1.2 pounds of alloy at $16.00 per poundDirect labor per unit0.04 hours at $30 per hourOverhead per unitIndirect materialsIndirect laborUtilitiesMachine depreciationOther overheadTotal overhead per unitThe machine depreciation and other overhead costs are fixed and are based on production of 100,000 units annually. Plantcapacity is 120,000 units annually. All other overhead costs are variable.The following are forecast for year 2. A wage increase of 6 percent for both direct and indirect labor, which was negotiatedrecently, will go into effect. Steel prices are expected to decrease by 5 percent while alloy prices are expected to increaseby 10 percent. Machine depreciation costs are expected to increase by 4 percent. All other unit overhead costs areexpected to remain constant.$ 0.400.800.601.100.60$ 3.50West Partners expects to sell 84,000 units in year 2. The current Inventory of fittings is 8,000 units. Management isforecasting much higher sales volume in year 3, so wants to have 11,000 units on hand by the end of year 2. Steel and alloyInventories will not change. Sales are approximately uniform over the year.Required:a. Prepare a production budget for the coming year.b. Estimate the direct materials, direct labor, and overhead costs for the coming year.Complete this question by entering your answers in the tabs below.SRequired A Required BEstimate the direct materials, direct labor, and overhead costs for the coming year.Direct material costsDirect labor costsOverhead costsSSAnswer is not complete.1,989,680110,664163,977 X

The aggregate overhead cost refers to the cost which adds all the business expenses which are…

West Partners manufactures metal fixtures. Each fitting requires both steel and an alloy that can withstand extreme temperatures. The following data apply to the production of the fittings for year 1: Direct materials per unit 2.0 pounds of steel at $0.80 per pound 1.2 pounds of alloy at $16.00 per pound Direct labor per unit 0.84 hours at $30 per hour Overhead per unit Indirect materials Indirect labor Utilities Machine depreciation Other overhead $ 0.40 0.80 0.60 1.10 0.60 £3.50