Assignment: Fast Mobile company approached you as Management Accounting expert to assist them in preparing their 2023 budget. They provided you with the following data: Expected number of units to be sold in 2023 o Model 1: 15,000 units o Model 2: 10,000 units Expected selling Price o Model 1: $250 o Model 2: $200 Each model requires 5 components (camera, keypad, screen, frame, and motherboard). Model 1 has 2 cameras, while model 2 has only 1 camera. Component prices are as follows: o Camera: $15 o Keypads: $10 Screen: $20 o Frame: Motherboard: $12 The company already had a beginning inventory of 2,000 units of each of the above components at a cost of: o Camera: $12.50 o Keypads: $9 o Screen: $18 o Frame: $2.75 o Motherboard: $11.50 No ending inventory of any component item or finished goods is required. Both Mobile models need 5.5 hours of labor at a cost of $5.00 per hour. Overhead is allocated at a rate of $15 per direct labor hour. Required: Prepare the following for the year 2023: o Sales Budget Component Budget o Direct Labor Budget o An overhead Budget Prepare a budgeted partial income statement for 2023 till "Gross Profit Line