Spring Manufacturing Company makes two components identified as C12 and D57. Selected budgetary data for 2022 follow: Requirements for each finished component: RM 1 RM 2 RM 3 Direct labor Product information: Sales price Sales (units) Estimated beginning inventory (units) Desired ending inventory (units) Cost per pound Estimated beginning inventory in pounds Desired ending inventory in pounds Finished Components C12 D57 10 pounds 0 2 pounds 8 pounds 4 pounds 2 hours 1 pound 3 hours $ 190 $ 200 12,000 410 300 Direct Materials Information 10,000 100 200 RM1 $ 6 3,400 4,000 RM2 $ 1.50 RM3 $ 0.50 1,600 800 900 1,500 The firm expects the average wage rate to be $25 per hour in 2022. Spring Manufacturing uses direct labor hours to apply overhead. Each year the firm determines the overhead application rate for the year based on budgeted direct labor hours for the year. The firm maintains negligible Work-in-Process Inventory and expects the cost per unit for both beginning and ending inventories of finished products to be identical. Indirect materials-variable Miscellaneous supplies and tools-variable Indirect labor-variable Supervision-fixed Payroll taxes and fringe benefits-variable Maintenance costs-fixed Maintenance costs-variable Depreciation-fixed Heat, light, and power-fixed Heat, light, and power-variable Total Factory Overhead Information $ 11,000 5,500 43,000 170,000 210,000 19,000 10,040 71,280 43,470 11,000 $ 594,290