Q.4) (22 points) The ABC Corporation manufactures and sells two products: T1 and T2. 20XX budget for the company is given below: Projected Sales Units Price T160,000 $165 40,000 $250 T2 T2 Inventories in Units January 1, 20XX December 31, 20XX 20,000 25,000 8,000 9,000 The following direct materials are used in the two products: Amount used per unit Direct Material Unit TIT2 pound 4 5 B pound 2 3 0 1 each Direct Material A B Anticipated Purchase Price $12 $5 $3 Inventories January 1, 2012 December 31, 2012 32,000 lb. 36,000 lb. 29,000 lb. 32,000 lb. 6,000 units 7,000 units Projected direct manufacturing labor requirements and rates for 20XX are as follows: Hours per Unit Rate per Hour TI 2 $12 T23 $16 e. What is the total overhead cost in dollars)? f. What is the total cost of goods sold in dollars)? g. What is the total expected operating income (in dollars) for 20XX? Q.4) (22 points) The ABC Corporation manufactures and sells two products: T1 and T2. 20XX budget for the company is given below: Projected Sales Units Price T160,000 $165 40,000 $250 T2 T2 Inventories in Units January 1, 20XX December 31, 20XX 20,000 25,000 8,000 9,000 The following direct materials are used in the two products: Amount used per unit Direct Material Unit TIT2 pound 4 5 B pound 2 3 0 1 each Direct Material A B Anticipated Purchase Price $12 $5 $3 Inventories January 1, 2012 December 31, 2012 32,000 lb. 36,000 lb. 29,000 lb. 32,000 lb. 6,000 units 7,000 units Projected direct manufacturing labor requirements and rates for 20XX are as follows: Hours per Unit Rate per Hour TI 2 $12 T23 $16 e. What is the total overhead cost in dollars)? f. What is the total cost of goods sold in dollars)? g. What is the total expected operating income (in dollars) for 20XX