25 (7 points) Big Bob's Bowling Balls Ltd. produces bowling balls in a variety of designer colours. 2019 Master budget data is as follows: 1 2 3 4 Quarter Sales (units) Total (Jan-Mar) (Apr-Jun) (Jul-Sep) (Oct-Dec) 10,000 15,000 11,000 15,000 51,000 Unit Price $150 $150 $150 $150 Production (units) 10,200 14,600 11,400 15,150 51,350 Raw material required per unit (Kilograms) 2 2 2 2 Raw material price per kilogram $10 $10 $10 $10 Direct labour hours per unit 1.5 1.5 1.5 1.5 Direct labour rate: $15 $15 $15 $15 Manufacturing overhead allocations per unit $25 $25 $25 $25 Selling, general and administrative expenses $276,250 $291,250 $279,250 $291,250 $1,138,000 Required: For the second quarter of 2019 a) Calculate Big Bob's cost of goods sold. (3 marks) b) Prepare Big Bob's budgeted multi-step income statement; ignore interest and taxes. (4 marks) A template for your answer is provided below