Requirements for each finished compone RM1 RM2 Spring Manufacturing company has provided the following information related to their two producs C12 a Finished Components C12 9 pounds 0 D57 8 pound: 4 pound RM3 Direct labo Product informatior Sales price 2 pound 1 pounc 1.5 hours 2 hours $115 $165 Sales unit 12.50 17,500 Estimated beginning inventory (uni 400 150 Desired ending inventory (unit 300 200 Cost per poun Estimated beginning inventory in pour Desired ending inventory in poun Direct Materials Informati RM1 RM2 RM3 $2.2 $2.00 $0.7 3,000 1,500 1,000 4,000 1,000 1,500 The wage rate is $20 per house. Overhead is allocated based on direct labor Factory Overhead Information Variable Indirect materials-variabl Miscellaneous supplies and tools-variat Indirect labor-variabl Maintenance costs-variab Heat, light, and power-variab Payroll taxes and fringe benefits-varial Fixed: Supervision-fixe Maintenance costs-fixe Depreciation-fixe Heat, light, and power-fixe lota Advertising Sales salarie Travel and entertainme Depreciation-warehous Office salaries Executive salarie Supplier Depreciation-office Tota Income Tax Rat Prepare the following Budget: Sales Budge Production Budge Direct Materials Budget Direct Labor Budge COGS Budget Income Statemer 40% $10,000 $5,00 $40,000 $10,08 $11,000 $250,000 $120,00 $20,000 $71,330 $43,421 3580,831 Information $60,000 $200,000 $60,000 $5,000 $60,00 $250,00 $4,000 $6,000 $645,00