beginning inventory of 2,000

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: 5250 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: 515 o Keypads: 510 Screen: 520 Frame: $3 o Motherboard: $12 The company already had a beginning inventory of 2.000 units of each of the above components at a cost of: Camera: $12.50 Keypads: 59 Screen: $18 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 2022 Sales Budget Component Budget o Direct Labor Budget An overhead Budget Prepare a budgeted partial income statement for 20235 "Grous Profit Une