Direct material per Exercise 7: From the following details provided by Nutshell Inc.,. unit Direct labor hours per unit Direct labor rate per hour $65 2 hours $50 Manufacturing overhead cost per direct labor hour $20 Beginning inventory units Selling price per unit First 1,000 $250 Second Third Fourth Quarter Quarter Quarter Quarter 18,000 24,000 21,000 Budgeted units to be produced 15,000 Assume that Nutshell Inc. has no closing stock at the end of each month. Required: prepare the cost of goods sold budget for the year 2015