(d) Prepare a direct labor budget by quarters for 1 year ended December 31, 2016. 10 Poin

(e) Prepare a manufacturing overhead budget for 1 year ended December 31, 2016. (Hint: MOH rate per DL in 2 decimal places) 10 Poin

(f) Prepare a selling and administrative expense budget for 1 year ended December 31, 2016. 10 Poin

(g) Prepare a budgeted income statement for 2016. (Interest expense 5%, tax expense 25%)

1. On January 1, 2016 the ABC Company budget committee reached agreement on the following data for the 1 year ending December 31, 2016. Expected sales unit: Last quarter in 2015 was 4,000, with 1,000-unit increases in each succeeding quarter for 2016 and 2017. Ending finished goods 30% of the next quarter's expected sales units inventory: Ending raw material inventory: 20% of the next quarter's production requirements ABC Company ending raw materials and finished goods inventories at December 31, 2015, follow the same percentage relationships to production and sales that occur in 2016.5 gram of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $2 per gram. Two hours of direct labor with hourly wage $5 are required to produce each unit of finished goods. The table below also shows the expected manufacturing overhead costs of ABC Company's for the period 2016 which variable costs to fluctuate with the production unit on the basis of the following rates per direct labor hour with some maintenance costs also recognizing fixed costs each quarter. Utilities $0.50/hour Indirect labor $0.50/hour Indirect materials $0.35 /hour Depreciation $2,000 Maintenance $0.20 /hour Manager salaries $10,000 Maintenance $3,500 Property taxes and insurance $3,500 As for operating, ABC Company has budget projects which combine into one budget, classifies as selling and administrative expenses. Which contains sales commissions $2 and freight-out $1 based on the expected unit sales. Also the 1st quarter of advertising cost $4,000, and increased 10% for each quarter. Salaries of office and sales is $4,000 and $8,000 respectively. With $1,000 depreciation and property taxes and insurance at $1,500 for each quarter in 2016