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Eonita Company is preparing its budgeted incoine statement for 2022 Relevant data pertaining to its siles, production. and direct materiak budgets are as follow. Sales

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Eonita Company is preparing its budgeted incoine statement for 2022 Relevant data pertaining to its siles, production. and direct materiak budgets are as follow. Sales Sales for the year are expected to total 1.160,000 units. Quarterly saies are 21:.27\%.27x, and 25\%, respectively The unit seling price is expected to be $42 for the first three euarters and $44 begining in the fourth quarter. 5 ales in the forst quarter of 2023 are esected to be 10N Wgher than the bodgeted sales for the first quarter of 2022. Production Management desires to maintain the ending finished goods inentories at 20 sof the not qoarter's budgeted wales volume: Direct materials, Eachunit requires 2 pounds of ruw materials at a cost of 511 per pound. Manugerient desites to iniaintain raw materiak inentories at 105 of the next euarter s production requirements. Assume the production requirements for first quarter of 2023 are 522.000 poundh Bonita budgets 0.4 hours of direct labor per unt, labor costs at 512 per hour, and manuacturing everherd at 518 per direct bbor hour, lts budepted selling and adminlstrathe expenses for 2022 are 56,960.000. (a) Calcilate the budeeted totaf unit cout (Round annwer to 2 deland plsces, es, 12.25) Jotal unit cost (b) Prepare the budgeted multiple-step income statement for 2022. (Ignore income taxes.)

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