Prepare the Manufacturing Overhead Budget assuming 1. Property taxes and Insurance are expected to be $10,250 per quarter, 2. The indirect material is expected to be $1.05 per direct labor hour. 3. Maintenance is expected to be $.35 per direct labor hour plus $4,250 per quarter. 4. Depreciation is expected to be $8,550 per quarter. 5. Other variable cost is expected to be $1.25 per direct labor hour 6. Indirect labor is expected to be $1.75 per direct labor hour. 7. The supervisor salaries are $62,000 per quarter. Prepare the Selling and Administrative Budget assuming: 1. Freight-out is expected to be $.95 per unit sold. 2. Property taxes and insurance are expected to be $829 per quarter. 3. Other variable costs are expected to be $.37 per unit sold. 4. Miscellaneous expense is expected to be S.18 per direct labor hour plus $695 per quarter. 5. Office salaries are expected to be $17,250 per quarter. 6. Depreciation is expected to be $3,255 for the first two quarters, 55,255 for the third quarter and $6,285 for the fourth quarter, 7. Sale Commission is expected to be $2.85 per unit sold. 8. Advertising expenses are expected to be of $5,500 per quarter. 9. Sales salaries are expected to be $25,598 per quarter. Prepare the Budgeted Income Statement with the information above and the following information: 1. Manufacturing overhead required per unit is 3 2. Interest Expense is $27,850. 3. Income tax rate is 18.25% Prepare the Manufacturing Overhead Budget assuming 1. Property taxes and Insurance are expected to be $10,250 per quarter, 2. The indirect material is expected to be $1.05 per direct labor hour. 3. Maintenance is expected to be $.35 per direct labor hour plus $4,250 per quarter. 4. Depreciation is expected to be $8,550 per quarter. 5. Other variable cost is expected to be $1.25 per direct labor hour 6. Indirect labor is expected to be $1.75 per direct labor hour. 7. The supervisor salaries are $62,000 per quarter. Prepare the Selling and Administrative Budget assuming: 1. Freight-out is expected to be $.95 per unit sold. 2. Property taxes and insurance are expected to be $829 per quarter. 3. Other variable costs are expected to be $.37 per unit sold. 4. Miscellaneous expense is expected to be S.18 per direct labor hour plus $695 per quarter. 5. Office salaries are expected to be $17,250 per quarter. 6. Depreciation is expected to be $3,255 for the first two quarters, 55,255 for the third quarter and $6,285 for the fourth quarter, 7. Sale Commission is expected to be $2.85 per unit sold. 8. Advertising expenses are expected to be of $5,500 per quarter. 9. Sales salaries are expected to be $25,598 per quarter. Prepare the Budgeted Income Statement with the information above and the following information: 1. Manufacturing overhead required per unit is 3 2. Interest Expense is $27,850. 3. Income tax rate is 18.25%