Rolys show Rob's Shoes is a small sodial entrepreneurship company famous for its shoes, abo known as "Robs," and Its mitsilon to stwe bock. For every pair of Robs purchasd, Rob's Shoes sunds a pair of Robs to a child in need. Each palr of Robs sells for 550 . Rob's shoes balence shast for Dectmber 31, 20m2 follows: nobyshoes Direct Labor Budent For the Year [nded Decenber 31,2023 Other data for Rob's Shoes: - Each par of Robs is $50 - Projects to sell 500 pairs of shoes in the first quarter of 2023 , with seles increasing by 100 pairs of Robs each guarter. - Finlhhed Goods inventory on December 31, 2022, conslats of 275 pals of shoes at $20 exch - Dealred tincling Finshed Coods inventory is equal to 10 of of the neat quarter's sales, FFO inventory method ls used - The compary expects to en: 900 pairs of flobs in the firte quarter of 2024 - Direat Materials cost is $10 per pair of Robos - Rob's Shoss deaires foc each quarter's ending balance in Dirtect Materials to be axs of the next quarter's productien needs. The desired ending direct materials balante for the 4h quartar is \$2730. (Indirect materials are inslgalficant and not considesed for budgeting purposes). - Each pair of Robs requires 2 hours of direct labor, divect labor costs average \$10 per hour - Varlable Manulacturinz owerhead rate is $3 per direat labor hoct - Foted manulacturisz overhes consists of $1200 per quarter for depreciation and $500 per cuarter for utaties, insurance, property taxes - Rods shoes usts direct Iabor hours (DU,y) as the clecation baso to allocate overhead costs - The total expected production per year is 1133 - Selling and adminitrotwe expentes indudes - Salarles Epente, fived o Rent Expense, floed - Insurance Esense, fued - Deareciation Expense, fuxd $1,500 par querter $1,200 per quartet $100 per quarter \$no per qunter. ist of Duithet sales par quarter Requhements 1. Uing the eroulded Lecl temglate prepere the following - Sales budget - Production Budget - Drect materials tudet, direct labor budget, and manchacturin ovehead baidget - Total projected Manufacturirs cost - Cost of goods sols budget - Selline and administrative expense budeet b. Aob's Shoes 2023 Buduted income Sratemet. Rolys show Rob's Shoes is a small sodial entrepreneurship company famous for its shoes, abo known as "Robs," and Its mitsilon to stwe bock. For every pair of Robs purchasd, Rob's Shoes sunds a pair of Robs to a child in need. Each palr of Robs sells for 550 . Rob's shoes balence shast for Dectmber 31, 20m2 follows: nobyshoes Direct Labor Budent For the Year [nded Decenber 31,2023 Other data for Rob's Shoes: - Each par of Robs is $50 - Projects to sell 500 pairs of shoes in the first quarter of 2023 , with seles increasing by 100 pairs of Robs each guarter. - Finlhhed Goods inventory on December 31, 2022, conslats of 275 pals of shoes at $20 exch - Dealred tincling Finshed Coods inventory is equal to 10 of of the neat quarter's sales, FFO inventory method ls used - The compary expects to en: 900 pairs of flobs in the firte quarter of 2024 - Direat Materials cost is $10 per pair of Robos - Rob's Shoss deaires foc each quarter's ending balance in Dirtect Materials to be axs of the next quarter's productien needs. The desired ending direct materials balante for the 4h quartar is \$2730. (Indirect materials are inslgalficant and not considesed for budgeting purposes). - Each pair of Robs requires 2 hours of direct labor, divect labor costs average \$10 per hour - Varlable Manulacturinz owerhead rate is $3 per direat labor hoct - Foted manulacturisz overhes consists of $1200 per quarter for depreciation and $500 per cuarter for utaties, insurance, property taxes - Rods shoes usts direct Iabor hours (DU,y) as the clecation baso to allocate overhead costs - The total expected production per year is 1133 - Selling and adminitrotwe expentes indudes - Salarles Epente, fived o Rent Expense, floed - Insurance Esense, fued - Deareciation Expense, fuxd $1,500 par querter $1,200 per quartet $100 per quarter \$no per qunter. ist of Duithet sales par quarter Requhements 1. Uing the eroulded Lecl temglate prepere the following - Sales budget - Production Budget - Drect materials tudet, direct labor budget, and manchacturin ovehead baidget - Total projected Manufacturirs cost - Cost of goods sols budget - Selline and administrative expense budeet b. Aob's Shoes 2023 Buduted income Sratemet