Oriole loc. is preparing its annual budgets for the year ending December 31.2022. Accounting assibtants furnish the data shown belaw An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and aclministrative expense budget. The latter shows selling expenses of $582.400 for product 1850 and $374.490 for product 1860 and administrative expenses of are expected to be 20% Prepare the sales budget for the year: Prepare the production budget for the vear. ORIOLEINC. Direct Labor Budget For the Year Ending December 31, 2022 \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline & & \multicolumn{2}{|c|}{ JB 50} & \multicolumn{2}{|c|}{ JB 60} & \multicolumn{2}{|r|}{ Total } \\ \hline Required Production Units & ^ & & 421200 & & 213200 & & \\ \hline Direct Labor Time (Hours) per Unit & & & 0.4 & & 0.6 & & \\ \hline Total Required Direct Labor Hours & o & & 168480 & & 127920 & & \\ \hline Direct Labor Cost per Hour & 0 & $ & 12 & $ & 12 & & \\ \hline Total Direct Labor Cost & 0 & $ & 2021760 & $ & 1535040 & $ & 35 \\ \hline \end{tabular} Units to be Produced \begin{tabular}{|c|c|} \hline \multirow{2}{*}{\begin{tabular}{l} Question 4 of 7 \\ riepare ure uneution vouget ion ure yea \end{tabular}} & \begin{tabular}{r} Total Required Direct \\ Labor Hours \end{tabular} \\ \hline & \begin{tabular}{r} Direct Labor Cost \\ per Hour \end{tabular} \\ \hline & Beginning Direct Materials \\ \hline & Direct Materials per Unit \\ \hline Required Production Units & \begin{tabular}{l} Desired Ending \\ Direct Materials \end{tabular} \\ \hline & Cost per Pound \\ \hline Direct Labor Time (Hours) per Unit & Expected Unit Sales \\ \hline Total Required Direct Labor Hours & \begin{tabular}{l} Beginning Finished \\ Goods Units \end{tabular} \\ \hline & Total Direct Labor Cost \\ \hline Total Direct Labor Cost & Total Required Units \\ \hline eTextbook and Media & Total Materials Required \\ \hline & Required Production Units \\ \hline & \begin{tabular}{l} Total Cost of Direct \\ Materials Purchases \end{tabular} \\ \hline Your answer is partially correct. & \begin{tabular}{r} Direct Materials \\ Purchases \end{tabular} \\ \hline Prepare the budegeted multiple-step incor & \begin{tabular}{l} Total Pounds Needed \\ for Production \end{tabular} \\ \hline & \begin{tabular}{r} Direct Labor Time (Hours) \\ per Unit \end{tabular} \\ \hline \end{tabular} Your answer is partially correct. Prepare the budegeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products)