Required information SB Problem PB8-1 to PB8-3 The following information applles to the questions displayed below] Beach Wind Company manufactures kites that sell for $20 each. Each kite requires 2 yards of lightweight canvas, which costs $0.60 per yard. Each kite takes approximately 30 minutes to build, and the labor rate averages $8 per hout. Beach Wind has the following inventory policies: - Ending finished goods inventory should be 30 percent of next month's sales. - Ending direct materials inventory should be 20 percent of next month's production. Expected kite sales for the upcoming months are: Variable manufacturing overhead is incurred at a rote of $0.40 per unit produced. Annual fixed manufacturing overhead is estimated to be $9.000 ( $750 per month) for expected production of 9.000 units for the year. Seling and administrative expenses are estimated at $820 per month plus $0.75 per unit sold. Beach Wind Company had $12 , 200 cash on hand on April 1. Or its sales, 60 percent is cash. Of the credit sales, 50 percent is collected during the month of the sale, and 50 percent is collected during the month following the sale: Of direct materials purchases, 60 percent is paid for during the month purchased, and 40 percent is paid in the following month. Direct materials purchases for March totaled $800 . All other operating costs are paid during the month incurred. Monthly fixed manufacturing overhead includes $280 in depreciation. Beach Wind plans to spend $15 , 000 on equipment during Aprit