The following First Quarter projected information is provided for Colossal Marketing, a Service Business that provides creative services to its clients:

1. General Overhead for each month is as follows:

Variable

Couriers $1.50 per Direct Labour Hour

Fixed

Rent $ 4,000

Utilities $ 2,000

Salaries $ 20,000

Amortization $ 1,000

Insurance $ 1,500

Advertising $ 3,500

Miscellaneous. $ 500

REQUIRED: Using a Spreadsheet or Word document, prepare the following detailed Budgets on a monthly basis for the First Quarter ending March 31^st:

-Service Revenue Budget

-Direct Labour Budget

-General Overhead Budget

-Budgeted Income Statement