a. Sales data: 7 Selling and administrative expense budget ? Production-overhead budget 7 Direct-material budget ? Cash budget 7 Cost-of-goods-sold budget Sales budget ? Cash disbursements budget b. Production data: 7 Selling and administrative expense budget 7 Direct-material budget ? Cost-of-goods-sold budget 7 Production-overhead budget 7 Cash budget ? Cash disbursements budget 7 Sales budgetc. Direct-labor-hour data: 2 Selling and administrative expense budget ? Production-overhead budget ? Direct-material budget 2 Cash budget ? Cost-of-goods-sold budget 7 Sales budget ? Cash disbursements budget d. Direct-labor cost data: 7 Selling and administrative expense budget ? Production-overhead budget 7 Direct-material budget ? Cash budget 7 Sales budget 7 Cost-of-goods-sold budget 7 Cash disbursements budgetPar'LZCTE points Skipped Refere nces Spiffy Shades Corporation manufactures artistic frames for sunglasses. Talia Demarest, controller, is responsible for preparing the company's master budget. In compiling the budget data for 20x1, Demarest has learned that new automated production equipment will be installed on March 1. This will reduce the direct labor per frame from 4.0 hours to 3.75 hours. La borrelated costs include pension contributions of $0.55 per hour, workers' compensation insurance of $0.25 per hour, employee medical insurance of $1 per hour, and employer contributions to Social Security equal to 6.00 percent of direct labor wages. The cost of employee benets paid by the company on its employees is treated as a directlabor cost. Spiffy Shades Corporation has a labor contract that calls for a wage increase to $13.00 per hour on April 1, 20x1. Management expects to have 26,000 frames on hand at December 31, 20x0, and has a policy of carrying an endofmonth inventory of 100 percent ofthe following months sales plus 40 percent ofthe second following month's sales. These and other data compiled by Dema rest are summarized in the following table. Januaryr February March April May Directlabor hours per unit 4.0 4.0 3.?5 3.75 3.75 wage per directlabor hour $ 11.00 $ 11.00 $ 11.00 $ 13.00 $ 13.00 Estimated unit sales 18,000 20,000 16,000 1?,000 1?,000 Sales price per unit $ 64.00 $ 61.50 $ 61.50 $ 61.50 $ 61.50 Production overhead: Shipping and handling {per unit sold) $ 5.00 $ 5.00 $ 5.00 $ 5.00 $ 5.00 Purchasing, material handling, and inspection [per unit produced} $ 6.00 $ 6.00 $ 6.00 $ 6.00 $ 6.00 Other production overhead (per directlabor hour) $ 9.00 $ 9.00 $ 9.00 $ 9.00 $ 9.00 2 For each item used in the rm's production budget and direct-labor budget, select the other components ofthe master budget (except for financial statement budgets} that also, directly or indirectly, would use these data. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to emptyI the box for a wrono answer.)