Dubai Technologies Company approached you as a Business Consultant to assist them in preparing their 2021 Master Budget. You have been provided with the following data: The company is manufacturing and selling TWO models of a branded Smart Phone: XYZ Plus o XYZS Expected number of units to be sold in 2021 XYZ Plus: 150,000 units XYZ: 100.000 units Expected selling Price: XYZ Plus: AED1500 per unit XYZs: AED 1000 per unit Each model requires 5 components (raw materials): Camera (XYZ Plus has 4 Cameras, while XYZs has only 2 Cameras). o Keypad o Screen o Frame o Motherboard. Purchasing prices for the five components are as follows: Camera: AED 90 o Keypads: AED 60 o Screen: AED 120 Frame: AED 18 Motherboard: AED 72 The management policy is no ending inventory of any component item or finished goods is required Each Mobile model requires 5.5 hours of labor at a cost of AED 40.00 per hour to be manufactured Manufacturing Overhead is allocated at a rate of AED 60 per Direct Labor Hour. Selling and Admin variable expense rates per unit of sales are sales commissions AED 5 and freight-out AED 2 Selling and Admin fixed expenses include Depreciation AED 16,000, Salaries AED 20,000 and maintenance AED 8000 for each model Interest is AED 10,000 and Taxes are AED 50,000 Required: Prepare the following for 2021: Sales Budget Components (Direct Material Purchases) Budget Direct Labor Budget An overhead Budget Selling and Administrative Budget Prepare a budgeted income statement