Score: 0 of 2 pts 4 of 10 1 complete HW Score: 8.496, 1.68 of 20 pts E9-27A (similar to) Question Help O Gammar Motors is a chain of car dealerships Sales in the fourth quarter of last year were 54.200.000. Suppose management projects that its current year's quarterly sales will increase by 4 in quarter 1, by mother 3% in quarter 2. by another 6X in quarter, and by another 23% in quarter 4. Management expecta cost of goods sold to be 50% of revenues every quartet, while operating expenses should be 25% of revenues during each of the first two quarters, 36% of revenues during the third quarter, and 30% during the fourth quarter Requirement Prepare a budgeted income statement for each of the four quarters and for the entire year. Prepare the first portion of the budgeted income statement through grous proft, then complete the statement. Round the amounts to the nearest whole dolar) Gammare Motors Budgeted Income Statement For the upcoming Year Quartet Quarter 2 Quarter Quarter 4 Sales Low Cost of goods sold Enter any number in the ads and then click Check Answer part Clear A Cher 3 of 10 (1 complete) departments: Cutting and Assembly. The company has estimated costs for e to view the unit production information.) abor costs for each department and for the company as a whole. tm Data Table The company is currently analyzing direct labor hour requirements for the upcoming year. Cutting Assembly Estimated hours per unit: Regal 1.8 2.5 Imperial 1.9 2.1 Royal 2.0 1.4 Direct labor hour rate 8 10 Print Done Clear All 3 of 10 (1 complete) two departments: Cutting and Assembly. The company has estimated costs for con to view the unit production information.) ct labor costs for each department and for the company as a whole. epartment and finally the comnany as a whole Data Table Budgeted unit production for each of the products is as follows: Number of units to be produced 580 Product model: Regal Imperial Royal 740 890 Print Done Clear All