ew Problems Seved Help Save & Exit Sub Check my work Required information Problem 9-42 Preparation of Master Budget (LO 9-3, 9-4, 9-5) [The following information applies to the questions displayed below) FreshPak Corporation manufactures two types of cardboard boxes used in shipping canned food, fruit, and vegetables The canned food box (type C) and the perishable food box (type P) have the following material and labor requirements Type of Box P Direct material required per 18e boxes Paperboard ($0.36 per pound) Corrugating medius (50.18 per pound) Direct labor required per 100 boxes ($18.00 per hour) 35 pounds 25 pounds 2.20 hour 75 pounds 35 pounds 0.40 hour The following production overhead costs are anticipated for the next year. The predetermined overhead rate is based on a production volume of 450.000 units for each type of box Production overhead is applied on the basis of direct-labor hours. Indirect material Indirect labor utilities Property taxes Insurance Depreciation Total $ 13,650 87,95e 40,50 27,000 20,000 48.500 $237,600 The following selling and administrative expenses are anticipated for the next year Salaries and fringe benefits of sales personnel Advertising Management salaries and fringe benefits Clerical wer and fringe benefits $13,500 20, 500 147.000 45,000