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- woH - Variable Overhead "rroH-Find Ovir Fead Other data for Rob's Shoes: - Each patr of Robs is $50 - Projects to sell 500 palrs of shoes in the first quarter of 2023, with seles increasing by 100 pairs of Robs each guarter - Finluhed Goods inventory on December 31, 2022, conslats of 275 palrs of shoes at $20 euch Imentory method is used - The compary expects to enceop pairs of Robs in the first quarter of 2024 - Direat Materials cost is $10 per pair of Pobs - Rob's Shocs dealres for esch quarter's ending balance in Direct Materials to be 3xis of the next \$2730. (Indirect materials are inslgilficant and not considered for budgeting purposes). - Each pair a Robs requires 2 hours of direct labor, diect labor costs average $10 per hour - Vartable Manulacturing onerhead rate is $3 per direct labor hoct - Fond manulacturisz overhesd consists of $1200 per quarter for depreciation and $500per cuarter for utaties, insurance, property taxt - The total eapected production per year is 1133 - Selling and adminitrotive expenses include o salarles Gopense, fixed o Rent Expense, foed - Insurance Exense, fued o Dearedation Expense, fined $1,500 par quarter $1,200 per quartet $100 per gurter: $ mo punter. sho of gunter Requlrements 1. Uing the erovided Lecl temglate prepare the fallowiry a. Noblo sheas 2023 eperating budest - Sales budget - Production budset - Direct materials budes, direct bobor budget, and menu hacturins ovehead budget. - Total projected Menufacturir cost - Cost of goods sold budet - Selline and admiristrative expense budeet b. Mob's ghoes 2023 Buduted income sratemest Rolds Shaes Rob's shoes is a small socilal entrepreneurship company famous for its shoes, ako known as "Robs," and