question 2

Anderson industrios manufactures three models of a product in a single plant with two dopartments: Cutting and Assembly. The company has estimated costs for each of the three product modelt the Flash, the imperial, and the Rocket models. (Click the icon to view the direct labor hour information.) Click the icon to view the unit production information) Requirement Prepare a direct labor budpet for the upcoming year that shows the budgeted direct labor costs for each department and for the company as a whole. Prepare the direct tabor budget for the Cutting Department, then the Assombly Dopartment, and finally the compary as a whole. and for the company as a whole. Data table The company is currently analyzing direct labor hour recuirements for the unrominn vear a table ted unit oroduction for each of the broducts is as follows: Lachut Labs performs a specialty lab test for local companies for $45 per test. For the upcoming quarter, LaChut Labs is projecting the following sales: The budgeted cost of perforening each test is 521 . Operating expenses are projected to be $62,000 in Juhuay, $53,000 in Fobruary, and $59,000 in March. LaChut Labs is subject io a corpotate tax mite of 30%. Requirement Prepare a budgeted income statement for the frst quarter, wht a column for sach monh and for the quarter. Prepare the budgeted income statement by frst caloulating the operating income, then calculate the net income