PAGE LAYOUT REFERENCES Assignment on Budgeting (Compatibility Mode)- Wood Product Actionfaled MAILINGS Sample Question REVIEW VEW Projected sales for Silver LTD for next year and beginning and ending inventory data are as follows: 40000 units Sales Unit price BI [Units] Targeted El [units] Beginning Finished goods Ending Finished Goods $20 20000 units 10000 units $2500 $1200 VC of MO is allocated using Direct Labour hours a Predetermined Rate Total Fixed Cost for MO Interest Expense Tax Rate Selling and Admin expenses. $4.00 $25,000 $12,000 20% $22,000 Each unit requires 5 pounds of material which costs $3.00 per pound. The beginning inventor of raw materials is 5000 pound. The company wants to have 3000 pounds of material in inventory at the end of year. Each unit produced requires 2 hours of direct labor time which is billed at $8 per hour 1. Calculate the budgeted sales 2. How many units should be produced? 3. Calculate the pounds of material to be purchased 4. Calculate the budgeted total purchase cost of direct materials 5. Find the budgeted number of total direct labour hours needed. 6. What is the budgeted total direct labour cost? 7. Calculate the budgeted manufacturing cost 8. Make the budgeted cost of goods? 9. Make a budgeted Income statement for this company.dsd PC Cloudy