Edgeworth Corporation manufactures two types of cardboard boxes used in shipping canned food, fruit and vegetables. The canned food box (type C) and the perishable food box (type P) have the following material and labor requirements. The following manufacturing overhead costs are anticipated for the year. The predetermined rate is based on production volume of 495,000 units for each type of box. Manufacturing overhead is applied on the basis of direct-labor hours. The following selling and administrative expresses are anticipated to the next year: Prepare a master budget for Edgeworth Box Corporation for the next year. Assume an income tax rate of 35 percent, include the following schedule: Sales budget. Production budget. Direct-material budget. Direct-labor budget. Manufacturing budget. Selling and administrative expense budget. Budgeted income statement