Each display cupboard requires 10 hours of direct labor. Decorldeas uses a series of table saws, table routers and sanders set up for specialized operations to achieve production efciencies. Direct labor costs the company $22 per hour. Prepare a Direct Labor budget. Decorldeas budgets indirect 111aterials (e.g., wood screws, sandpaper, stain, packaging) at $25.50 per display cupboard. Dccorldcas treats indirect labor and utilities as mixed costs. The variable components are $10.40 per display cupboard for indirect labor and $8.20 per display cupboard for utilities. The following xed costs per month are budgeted for indirect labor, $50,000, utilities, $10,000, and other, $65,800. Prepare 3 Manufacturing Overhead budget. Variable selling and administrative expenses are $100.50 per display cupboard sold. Fixed selling and administrative expenses are $80,000 per month. These costs are not itemized, i.e., the budget has only two line items variable operating expenses and xed operating expenses. Prepare an Operating Expenses budget. Prepare a Budgeted Manufacturing Cost per unit budget. Refer to exhibit 9-11 for guidance. To calculate FMOH/unit calculate total FMOH for the year and divide this by budgeted production for the year. The total production volume for the year is budgeted at 50,000 display cupboards. Prepare a Budgeted Income Statement for the quarter for Decorldeas. Assume interest expense of $0, and income tax expense of 24% of income before taxes. Decorldeas's goal for the quarter is to make its net income greater than 10% of its sales revenue. To determine whether the company achieves the goal, use @113 function. In the IF function, you need to label \"Achieved" ifit achieves the goal (if the condition is met) 01' \"Not Achieved" if it does not achieve (if the condition is not met). Use the CELL right. next to 'Net Ineome' cell to make the IF function that returns one of the labels based on whether the condition (net income > sales revenue* 10%) is met or not