Flounder Company is preparing its direct labor budget for 2022 from the following production budget based on a calendar year: C A Quarter Units 1 55,000 2 33.000 3 49.000 4 77,000 Each unit requires 2 hours of direct labor. The union contract provides for a 10% increase in wage rate to $22 per hour on October 1 Prepare a direct labor budget for 2022 FLOUNDER COMPANY Vi 0 FLOUNDER COMPANY Direct Labor Budget AC First Quarter Second Quarter Third Quarter AC US S $ $ Que Acco FLOUNDER COMPANY Direct Labor Budget Que Acco Second Quarter Third Quarter Fourth Quarter Total Qu Acco Qu Mu QI MU $ $ VA o In September 2022, the budget committee of Sarasota Company assembles the following data: 1. Expected Sales October $1,820,000 November 1.730,000 December 1.590,000 2 Cost of goods sold is expected to be 70% of sales. 3. Desired ending merchandise inventory is 30% of the next month's cost of goods sold. The beginning inventory at October 1 will be the desired amount. 4. Prepare the budgeted income statement for October through gross profit on sales, including a cost of goods sold schedule. CARAFATACAKANAN Prepare the budgeted income statement for October through gross profiton sales, including a cost of goods sold schedule. SARASOTACOMPANY Budgeted Income Statement > $ > $ A