OW Help Assignment Seme... Page 3 of 4 Q Projected Sales Units 11.250 Projected Sales Revenues Total 450,000 Per Unit Information: Sales Price 40.00 Variable Costs: Direct Material Direct Labour (Variable) Variable Production Overhead Selling Expenses 4.00 9.00 3.00 3.00 19.00 Total Fixed Costs for 2021 Manufacturing Overheads Administrative Expenses Selling Expenses I 20,000 75,000 100,000 195.000 Projected Corporation Tax Rate 40% In order to make a very good first impression on the Managing Director you have decided to prepare a detailed report for presentation to him based on the foregoing budgeted income statement for 2021 and which will include the following information: (1) A statement of net income after tax assuming that the annual sales revenue's of 450,000, i.e., 11,250 units are achieved