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Please help, I need this until 11am (Brazil time), appreciate, thanks =) Preparation of Individual Budgets During the first calendar quarter of 2019, Williams Corporation

Please help, I need this until 11am (Brazil time), appreciate, thanks =)

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Preparation of Individual Budgets During the first calendar quarter of 2019, Williams Corporation is planning to manufacture a new product and introduce it in two regions. Market research indicates that sales will be 8.000 units in the urban region at a unit price of $65 and 6,000 units in the rural region at $55 each. Because the sales manager expects the product to catch on, she has asked for production sufficient to generate a 4,000-unit ending inventory. The production manager has fur- nished the following estimates related to manufacturing costs and operating expenses: Variable Fixed (per Unit) (Total) S 5.00 7.00 10.00 0.55 Manufacturing costs: Direct materials: A (2 lbs. $2.50/b.).. B (5 lbs. @ $1.40b.. Direct labor (2 hrs./unit) Manufacturing overhead: Depreciation Factory supplies Supervisory salaries Other...... Operating expenses: Selling: Advertising...... Sales salaries and commissions Other Administrative: Office salaries Supplies.... Other... $22,500 2,500 16,250 9,200 0.65 1.25 0.50 12,500 20,000 4,200 0.40 0.25 15,000 1,200 5,000 *Varies per unit sold, not per unit produced. Required a. Assuming that the desired ending inventories of materials A and B are 4,000 and 20,000 pounds, respectively, and that work-in-process inventories are immaterial, prepare budgets for the calendar quarter in which the new product will be introduced for each of the following operating factors: 1. Total sales 2. Production 3. Material purchases cost 4. Direct labor costs 5. Manufacturing overhead costs 6. Selling and administrative expenses b. Using data generated in requirement (a), prepare a budgeted income statement for the calendar quarter. Assume an overall effective income tax rate of 35%. (Round income statement amounts to the nearest dollar.)

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