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Sheridan Company is preparing its budgeted income seater+ent ?92? kef van data pertaining to its sales production, and direcC materials budgets are as follows, sales. Sales for are expected total 880,600 27%, 26%, and 27%, respectively. The unit selling priceis expected to be $41 for Che first quartet's $$ fourth quarter. sales in the first quarter of2026 are expected to be 10% higher than the budgeted the qua quarter's budgeted sales 1 per ound Management desires to maintain raw Direct materials. Each unit requires 2 pounds of raw materia, \ requirementsforfirstqarterof In addition, Sheridan budgets 0.4 hours of direct labor per yni direct labor hour. Its budgeted selling and administrative ex a at $17 per SHERIDAN COMPANY Budgeted Income Statement imiiiuiiiiiiiiti'i iGiGi i iinii