3) Using the following information, fill out the direct labor (DL) budget and factory overhead ( FOH) budget below. (20 points) - Each unit to be produced requires 2 hour of direct labor. - Direct labor rate is $10.00 per hour. - Each unit to be produced requites $.90 of variable factory overticad - Total fixed factory overhend is \$\$5,000 per half-year, of which depreciations are $25,000. ASU Company Direct Labor Budget For the Year Ending December 31, 2023 ASU Company Factory Overhead Budget For the Year Ending December 31, 2023 4) Using the following information, fill out the selling and administrative (S\&A) expenses budget below, ( 10 points) - Each unit to be sold requires $.50 of variable \( \$ \& A \)amp;A expenses. - Total fixed S\&A expenses are \$15,000 per half-year. ASU Company Selling \& Administrative Expenses Budget For the Year Ending December 31, 2023 5) Using the following information, fill out the cash receipts budget below. ( 8 points) - The company collects 75% of sales during the half-year when the sales are made, and 20% of the sales in the next hali-year. 3% of sales are expected to be uncollectible. - The sales revenue in the second half-year of 2022 is assumed to be 5250,000 . ASU Company Cash Receipts Budget For the Year Ending December 31, 2023 6) Using the following information, fill out the cash disbursement budget below. (20 points) - The company pays for 80% of direct-material purchase during the half-year when the purchase is made, and 20% of the purchase in the next half-year. - Direct-material purchase in the second half-year of 2022 is assumed to be $175,000. - All other costs, except depreciation, are paid full in cash during the current half-year period. ASU Company Cash Disbursement Budget For the Year Ending December 31, 2023 (End of Exam) 1. 1). Using the following information, fill out the sales budget and production bodget below. (14 points) - ASU Company expects to sell 20,000 units and 30,000 units for the first and secend half of 2023, respectively. - ASU Company sets a selling price at $3.00 per unit. - Ending inventory is budged to be 15% of the next half-year's sales in units. - ASU Company expects to sell 12,500 units for the first half of 2024. ASU Company Sales Budget For the Year Ending December 31, 2023 ASU Company Production Budget For the Year Ending December 31, 2023 2). Using the following information, fill out the direct material (DM) budget below. ( 18 points) - Each unit to be produced requires 1.5 yards of direct material. - Desired ending inventory of direct material is 10% of the next half-year's direct material required for production. - Direct material required for production for the first half of 2024 is expected to be 67,500 yurds. - Purchase price of direct material is $2 per yard. ASU Company Direct Material Budget For the Year Ending December 31, 2023