Preparation of Individual Budgets inventory, The production manager has furnithed the following estimates celated to munufscturing costs and operating erpenses in which the new prodoct wit te introduced for each of the following operating tectors Donct we netitine wons whth any of your aniwers below 1. Total sales in which the new pectuct wit be introduted for each of the followng operating factors Donccuoe negasoe stgns with any of your answers below. 1. Toralsales 2. Preducticn units 3. Material purchases cost 4. Ouect labor costs 5. Mandactioing overtead conts 6. Seling and administrotive expenses b. Using data generated in requirement (a) prepare a budgeted income statement for the calendar quater. Assume an overall effective income tax rate of 35\% Rocind answers to the nearest whole number. Do noteve negative signs with your answers. 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 answers to the nearest whole number. Do not use nezative sizns with vour answers Preparation of Individual Budgets inventory, The production manager has furnithed the following estimates celated to munufscturing costs and operating erpenses in which the new prodoct wit te introduced for each of the following operating tectors Donct we netitine wons whth any of your aniwers below 1. Total sales in which the new pectuct wit be introduted for each of the followng operating factors Donccuoe negasoe stgns with any of your answers below. 1. Toralsales 2. Preducticn units 3. Material purchases cost 4. Ouect labor costs 5. Mandactioing overtead conts 6. Seling and administrotive expenses b. Using data generated in requirement (a) prepare a budgeted income statement for the calendar quater. Assume an overall effective income tax rate of 35\% Rocind answers to the nearest whole number. Do noteve negative signs with your answers. 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 answers to the nearest whole number. Do not use nezative sizns with vour answers