1. Complete the sales budget of Strong, Inc. for this coming year. 2. Complete the production budget of Strong, Inc. for this coming year. 3. Complete the raw materials purchases budget of Strong, Inc. for this coming year. Budgeted production (units) Materials requirement 1 ounee per unit Total materials necded fot 1 Quarter 2 Qarter 3 Quarter 4 production (ounces) Planned eading raw materials inventory (10\% of current quarter's production needs) (ounces) Planned beginning raw materials inventory (ounces) Total purchases of raw materials (ounces) Average cost of raw materials per ounce (S10) Total cost of purchases of raw materials (\$) 4. Complete the direct labor budget of Strong, Inc. for this coming year. Budgeted production (units) Direct labor requirement (0. . hour per uait) Total direct labor hours needed for production (hours) 2 Quarter 3 Quarter 4 Direct labor cost per hour ( 510 per hour) Total direet labor cost ( ($) 5. Complete the budgeted manufacturing overhead cost budget of Strong, Inc. for this coming year. Budgeted production (units) Quarter I Quarter 2 Quarter 3 Quarter 4 (\$2 per unit) Total variable manufacturing overhead ( $ ) Fixed manuficturing overhead 5.000 ( 5 ) Total budgeted manufacturing overhead cost ( 5 ) 6. Given the budgeted manufacturing cost per unit, compute the cost of goods sold budget of Strong, Inc. for this coming year. Quarter 1.Quarter 2 Quarter 3 Quarter 4 7. Complete the selling and administrative budget of Strong, Inc. for this coming year. Budgeted sales revenue ( $ ) Quarter I Quarter 2 Quarter 3 Quarter 4 Variable selling expenses ( 5% of sales revenue) ( $ ) Total variable selling expenses ( $ ) Fixed administrative expenses 50,000 ( $ ) Total budgeted selling and administrative expense ( $) 8. Complete the budgeted income statement of Strong, Inc. for this coming year. Budgeted sales revenue ( ( ) Less: Budgeted cost of goods sold (S) Budgeted gross margin (\$) Less: Budgeted selling and administrative expenses (\$) Budgeted operating income ( ($)