The first task in stage 1 is to prepare the 2022 budgets, Eric provides the following information per your instruction Components and Labour Requirements Price informatica per unit of Laser Pointer 2022 (Badgeted) 2021 Outer I unit 550 per unit 550 per unit Circuitry board set 1 545 per set 545 per unit Packaging kit 1 kit $5 per it 55 per kit Labour 15 hours S80 per hour SS per hour 2003 Management of the company forecast the sales of 400,000 units atselling price of $360 per unit in 2022. The management also plan to maintain quarter-end PG inventories as 10% of the units sale in the best quarter Quarters in unit) Year 2023 QI Q2 09 04 Full Year 01 Sales 40.000 90.000 120.000 100.000 400,000 100 000 Target Ending Inventories Outer) 18.000 IK DOO 18.000 18.000 Cybee 13.000 13.000 13.000 13.00 Badgeted Beginning inventory Finished goods Direct materials Outer casing - Circuitry board Packaging kit 15.000 units 12.000 sets JIT Indirect costs, consisting of manufacturing and non-manufacturing overheads are budgeted for 2022 as follow Badested cost Manufacturing overheads Variables $30 S12.090.000 Fixed 4.M.000 Variable manufacturing overheads med related to direct labour activity at 0,00 units level. Il estimates that takes the hours perpetunt. Therefore, ale overhead 5.30 in allocated per direct labour hour (512.000.000/803,000 X 15 ) $30 in bodited for variable overhead allocati per poi 520 X 15h) **Fixed Allocation rate Ben buited production in 40.000 a your Cost Baltecost Non-manufacturing overheads Variable: Sales commission Fixed Marketing consulting fee $2.000,000 Other additional information: Direct materials inventory and finished goods inventory wecosted by wing first-, fist- (FIFO) method. Auming the carrying value of the 2000 te beginning finished) W51491.000. Work in process is significant and can be ignored Task 1: Your team would give the following operating badgets to the management. 1. Revenue budget in Dollars 2 Revenue budget in Units 3. Material usage and purchases budgets 4. Direct manufacturing labor costs budget 5. Direct manufacturing overhead costs budget 6. Show him the budgeted manufacturing overhead cost per output unit 7. Show him the units of LP-100 manufactured in 2022 8. Ending inventory budget for both direct materials and finished goods as at 31 Dec 2022 9. Cost of poods sold budget for the year ending 31 December 2022 10. Hudgeted operating income statement for EdTech for the year ending 31 December 2022