Question 25 (7 points) Sylvia's Silken Scarves Ltd. produces scarves for all occasions in a variety of designer colours. 2019 Master budget data is as follows: 2 Total 3 Quarter 4 Jan - Mar (Apr-lundul - Sep (Oct-Dec) Sales (units) 15.000 18,000 21,000 24,000 78,000 Unit Price $100 $100 $100 $100 Production (units) 18,000 21,600 25, 200 28.800 93,600 Raw material required per unit (yards) 15 15 15 1.5 Raw material price per vard 520 $20 $20 $20 Direct labour hours per unit 2 2 Direct labour rate $20 $20 $20 $20 Manufacturing overhead allocations per unit $10 $10 SIO $10 Selling, general and administrative expenses $195,000 $195,000 $195,000 $195,000 $780,000 Required: For the Third (3rd) quarter of 2019 a) Calculate Sylvia's cost of goods sold - please show your calculations. (3 marks) b) Prepare Sylvia's budgeted multi-step income statement: ignore interest and taxes. (4 marks) 2 A template for your answer is provided below