1. Templeton Corporation produces ice cream machines. Last year, Templeton sold 40,000 machines. Unit sales are expected to increase 10 percent each year. Average sales price per machine will remain at $200. Assume finished goods inventory is maintained at a level equal to 5 percent of the next quarter's sales. Finished goods inventory at the end of last year was 2,300 units. a) What is Templeton Corporation's sales budget for this year? b) What is Templeton Corporation's production budget for this year? 2. Giantage Corporation produces windows used in residential construction. The company expects to produce 44,550 units next year. With regards to direct materials, each unit of product requires 12 square feet of glass at a cost of $1.50 per square foot. With regards to direct labor, each unit of product requires 2 labor hours at a cost of $15/hour. The following nformation relates to the manufacturing head budget. Variable Overhead Costs Indirect materials $2.50 per unit Indirect labor $3.20 per unit Other $1.70 per unit Fixed Overhead Costs Salaries $50,000 Rent $60,000 Depreciation $36,000 a) Calculate the direct materials budget for Giantage, b) Calculate the direct labor budget for Giantage, c) Calculate the manufacturing overhead budget for Giantage