3. The Production Department of Connor Manufacturing has prepared the following schedule of units to be produced over the first quarter of the upcoming year: 2 (Click the icon to view the units to be produced.) Each unit requires 5.0 hours of direct labor. Direct labor workers are paid an average of $15 per hour. How much direct labor will be budgeted in January, February, March, and for the quarter in total? Complete the following direct labor budget to compute the hours and costs for January, February, March, and for the quarter in total. Begin by computing the hours, then compute the cost Connor Manufacturing Direct Labor Budget For the Months of January through March January February March Quarter Units to be produced Multiply by: Direct labor hour per unit Total hours required Multiply by: Direct labor cost per hour Total direct labor cost The hours required in January are The hours required in February are The hours required in March are 2: Data Table January February March 570 5701800830" 600 830 Units to be produced ..... 4. Bratt Simpson manufactures a specialty precision scale. For January, the company expects to sell 1.000 scales at an average price of $2,370 per unit. The average manufacturing cost of each unit sold is $1.470. Variable operating expenses for the company will be $1.70 per unit sold and fixed operating expenses are expected to be $7,200 for the month. Monthly interest expense is $3,300. The company has a tax rate of 20% of income before taxes. Prepare Bratt Simpson's budgeted income statement for January Bratt Simpson Budgeted Income Statement For the Month Ended January 31 Sales Less: Cost of goods sold Gross profit Less: Operating expenses Variable portion Fixed portion Operating income Less: Interest expense Less: Income tax expense Net income