o TnaTkS (b) Adam Ltd. manufactures silver storage boxes. The following is a budgeted Income Statement for the business for January 2016 Sales Revenue Direct Material Direct Labour Production Overhead Selling Overhead 35,000 5,600 2,500 3,800 974 12,874 Profit 22,126 The following information is also supplied: .The monthly budgeted production and sales is 7,000 units; and .The following breakdown between fixed and variable costs applies: Variable 100% 1,400 2,100 Fixed Direct Materials Labour Production Overhead Selling Overhead 1,100 1,700 100%