Question #2 Antenna Matic Manufacturing accumulated the following budget data for the 2022 year: 1. Sales: 56,500 units, unit selling price $149.00 2. Cost of one unit of finished goods: Direct materials 20 feet at $1.10 per foot, direct labor 1.25 hours at $18.00 per hour, and manufacturing overhead $4.00 per direct labor hour. 3. Inventories (raw materials only): Beginning, 11,000 feet; ending, 13,500 feet. 4. Raw materials cost: $1.10 per foot 5. Selling and administrative expenses: $105,000. 6. Income taxes: 25% of income before income taxes. Required: (a) Prepare a detailed schedule showing the computation of cost of goods sold for 2022. (b) Prepare a budgeted income statement in proper form for 2022.Question #3 Penske Brothers Fuel Injector Company uses a exible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows: Indirect labor $615 Indirect materials $1.05 Maintenance $.7'5 Utilities $.60 Fixed overhead costs per month are: Supervision $3,100 Insurance $1,020 Property taxes $2,160 Depreciation $1,200 The company believes it will normally operate in a range of 3,000 to 5,000 machine hours per month. Required Prepare a exible manufacturing overhead budget for the expected range of activity. using increments of 1,000 machine hours