1. WFU Corporation expects the unit sales of Product MSA to increase by 10%, while Product MA will increase by 5% of last year's sales. The company will increase the price of Product MSA by $10, while Product MA will remain the same. Prepare the budgeted revenue for the upcoming year, 20Y6 with the information below for 20Y5. Units Sales Selling Price per Unit Product MSA 15,000 $100.00 Product MA 10,000 | 75.00 2. WFU Corporation has a desired ending inventory of 5% of the upcoming year's sales for each year. In 2017, the company expects to sell 20,000 of Product MSA and 12,000 of Product MA. Prepare the company's production budget for 20Y6. 3. Each finished good of Product MSA and Product MA requires two materials, Product M and Product A, which are measured in pounds. Product M costs $7.50 per pound, and Product A costs $5.00 per pound. The required pounds of material per finished good and beginning and ending inventories are shown. Prepare the 20Y6 direct materials purchases budget. Product M Product A Product MSA Product MA 2.00 1.40 1.20 1.00 Beginning inventory 15,000 12,000 Ending inventory 16,500 11,750 4. Each finished good of WFU Corporation must go through two departments, Production and Finishing. The employees in the Production Department are paid an hourly wage of $10, while the Finishing Department employees are paid an hourly wage of $9. The time spent in each department for the products are shown below. Prepare a direct labor cost budget for 20Y6, rounding hours to the nearest whole hour. Finishing 2.00 Production Product MSA 1.75 Product MA 1.50 1.00 5. WFU Corporation expects to incur the following costs: indirect factory labor, $8,700; indirect materials, $750; depreciation on factory equipment, $2,100; and utilities, $6,500. Prepare the factory overhead cost budget for the company. 6. Use the information above to prepare WFU Corporation's cost of goods sold budget for 20Y6. Assume the beginning and ending inventories shown. Beginning Inventory Inventory Direct materials: Product M $112,500 $123,750 Product A 60,000 58,750 Total direct materials $172,500 $182,500 Work in process 425,000 500,000 Finished goods 975,000 990,000 Ending