makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs: Direct materials $1.65 Direct labor 0.60 Variable overhead 0.75 Fixed overhead 1.90 Total unit cost $4.90 For the coming year, Play-Disc expects to make 400,000 plastic discs, and to sell 387,000 of them. Budgeted beginning inventory in units is 17,000 with unit cost of $4.90. (There are no beginning or ending inventories of work in process.) Required: 1. Calculate the total budgeted cost of units produced for Play-Disc for the coming year. Show the cost of direct materials, direct labor, and overhead. Budgeted direct materials Budgeted direct labor Budgeted overhead Total budgeted manufacturing cost2. Prepare a cost of goods sold budget for Play-Disc for the year. Play-Disc Cost of Goods Sold Budget For the Year Total manufacturing cost Cost of goods sold 3. What if the beginning inventory of finished goods was $82,400 (for 17,000 units)? How would that affect the cost of goods sold budget? (Assume Play-Disc uses the FIFO method.) The cost of goods sold would to $