Stonback Industries manufactures three models of a product in a single plant with two departments: Cutting and Assembly. The company has estimated costs for each of the three product models, the Zoom, the Zip, and the Rocket models (Click the icon to view the direct labor hour information) (Click the icon to view the unit production information.) Requirement Prepare a direct labor budget for the upcoming year that shows the budgeted direct labor costs for each department and for the company as a whole Zoom Prepare the direct labor budget for the Cutting Department, then the Assembly Department, and finally the company as a whole. Stenback Industries Direct Labor Budget For the upcoming Year Zip Rocket Total Cutting Department Units to be produced Multiply by: Direct labor hours per unit Total cutting hours required Multiply by: Direct labor cost per hour Budgeted direct labor cost - X Data Table The company is currently analyzing direct labor hour requirements for the upcoming year. Cutting Assembly Estimated hours per unit: 1.5 2.7 Zoom 1.4 2.9 Zip 1.8 2.2 Rocket 9 $ 10 Direct labor hour rate.... $ Print Done Zip Rocket Zoom Total ait - Data Table Budgeted unit production for each of the products is as follows: Number of units to be produced Product model: Zoom 520 ...... Zip 720 Rocket 890 .. Print Done DUITE Anderson Motors is a chain of car dealerships. Sales in the fourth quarter of last year were $4,100,000. Suppose management projects that its current year's quarterly sales will increase by 3% in quarter 1, by another 7% in quarter 2, by another 5% in quarter 3, and by another 6% in quarter 4. Management expects cost of goods sold to be 40% of revenues every quarter, while operating expenses should be 35% of revenues during each of the first two quarters, 20% 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 gross profit, then complete the statement. (Round the amounts to the nearest whole dollar) Anderson Motors Budgeted Income Statement For the upcoming Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year Sales Less: Cost of goods sold Gross profit