Problem 3 (Master Budget) One Inc., manufactures and sells t-shirt. In November of 2021, One Inc. management accountant gathered the following data to prepare budgets for 2022 : One Inc. CEO expects to sell 8,000 t-shirts during 2022 at an estimated retail price of Rp100.000 per t-shirt. Further, the CEO expects 2022 beginning inventory of 1.100t-shirts and would like to end 2022 with 1.200t-shirts in stock. Variable manufacturing overhead is Rp3.000 per direct manufacturing labor-hour. There are also Rp40.000.000 in fixed manufacturing overhead costs budgeted for 2022. One Inc. combines both variable and fixed manufacturing overhead into a single rate based on direct manufacturing labor-hours. Other data include the following: Assume Goods Inc. uses a FIFO inventory method for both direct materials and finished goods. Ignore work in process in your calculations. Instructions: 1. Prepare 2022 revenue budget 2. Prepare 2022 production budget (in units) 3. Prepare direct material usage and purchases budget for 2022. 4. Prepare direct manufacturing labor budget for 2022. 5. Prepare manufacturing overhead budget for 2022. 6. Calculate the cost of one t-shirt manufactured in 2022