Box type C Box type P 500,000 195 per hundred boxes The following inventory information is available for the next year. Expected Inventory Destrod Ending inventory January 1 December 31 Finished goods Box type C 10,000 boxes 5,000 bomes Box type P 20,000 boxes 15,000 boxes Raw material Corrugating medium 5,000 pounds 10,000 pounds Paperboard 15,000 pounds 5.000 pounds Required: Prepare a master budget for Edgeworth Box Corporation for the next year. Assume an income tax rate of 35 percent. Include the following schedules. 1. Sales budget 2. Production budget. 3. Direct-material budget. 4. Direct-labor budget. 5. Production-overhead budget. 6. Selling and administrative expense budget. 7. Budgeted income statement. (Hint: To determine cost of goods sold, first compute the production cost per unit for each type of box. Include applied production overhead in the cost. Carry these calculations to three decimal places.) NADAL 259 Box type C... Box type P 500,000 195 per hundred boxes The following inventory information is available for the next year. Expected Inventory Desired Ending Inventory January 1 December 31 Finished goods Box type C 10,000 boxes 5,000 to Box type P 20,000 boxes 15,000 bomen Raw material Corrugating medium 5,000 pounds 10,000 pounds Paperboard 15.000 pounds 5,000 pounds Required: Prepare a master budget for Edgeworth Box Corporation for the next year. Assume an income tax rate of 35 percent. Include the following schedules. 1. Sales budget 2. Production budget. 3. Direct-material budget. 4. Direct-labor budget. 5. Production-overhead budget. 6. Selling and administrative expense budget. 7. Budgeted income statement. (Hint: To determine cost of goods sold, first compute the production cost per unit for each type of box. Include applied production overhead in the cost. Carry these calculations to three decimal places.) HADA 45% Box type C Box type P 500,000 195 per hundred boxes The following inventory information is available for the next year. Expected Inventory Destrod Ending inventory January 1 December 31 Finished goods Box type C 10,000 boxes 5,000 bomes Box type P 20,000 boxes 15,000 boxes Raw material Corrugating medium 5,000 pounds 10,000 pounds Paperboard 15,000 pounds 5.000 pounds Required: Prepare a master budget for Edgeworth Box Corporation for the next year. Assume an income tax rate of 35 percent. Include the following schedules. 1. Sales budget 2. Production budget. 3. Direct-material budget. 4. Direct-labor budget. 5. Production-overhead budget. 6. Selling and administrative expense budget. 7. Budgeted income statement. (Hint: To determine cost of goods sold, first compute the production cost per unit for each type of box. Include applied production overhead in the cost. Carry these calculations to three decimal places.) NADAL 259 Box type C... Box type P 500,000 195 per hundred boxes The following inventory information is available for the next year. Expected Inventory Desired Ending Inventory January 1 December 31 Finished goods Box type C 10,000 boxes 5,000 to Box type P 20,000 boxes 15,000 bomen Raw material Corrugating medium 5,000 pounds 10,000 pounds Paperboard 15.000 pounds 5,000 pounds Required: Prepare a master budget for Edgeworth Box Corporation for the next year. Assume an income tax rate of 35 percent. Include the following schedules. 1. Sales budget 2. Production budget. 3. Direct-material budget. 4. Direct-labor budget. 5. Production-overhead budget. 6. Selling and administrative expense budget. 7. Budgeted income statement. (Hint: To determine cost of goods sold, first compute the production cost per unit for each type of box. Include applied production overhead in the cost. Carry these calculations to three decimal places.) HADA 45%