This has been asked several times but they are all wrong. Pls help.
Preparation of Individual Budgets During the first calendar quarter of 2016 , Williarns Corporation is planning to manufacture a new product and introduce it in two regions. Market research indicates that sales will be 9,000 units in the urban region at a unit price of $65 and 7,000 units in the rural region at $55 each. Because the sales manager expects the product to catch on, she has asked for production sufficient to generate a 5,000-unit ending inventory. The production manager has furnished the following estimates related to manufacturing costs and operating expenses: *Varies per unit sold, not per unit produced. a. Assuming that the desired ending inventories of materials A and B are 5,000 and 21,000 pounds, respectively, and that work-in-process inventories are immaterial, prepare budgets for the calendar quarter in which the new product will be introduced for each of the following operating factors: Do not use negative signs with any of your answers below. 1. Total sales 2. Production units 3. Material purchases cost 4. Direct labor costs 5. Manufacturing overhead costs 6. Selling and administrative expenses b. Using data generated in requirement (a), prepare a budgeted income statement for the calendar quarter. Assume an overall effective income tax rate of 35%. Round answers to the nearest whole number. Do not use negative signs with your answers. Preparation of Individual Budgets During the first calendar quarter of 2016 , Williarns Corporation is planning to manufacture a new product and introduce it in two regions. Market research indicates that sales will be 9,000 units in the urban region at a unit price of $65 and 7,000 units in the rural region at $55 each. Because the sales manager expects the product to catch on, she has asked for production sufficient to generate a 5,000-unit ending inventory. The production manager has furnished the following estimates related to manufacturing costs and operating expenses: *Varies per unit sold, not per unit produced. a. Assuming that the desired ending inventories of materials A and B are 5,000 and 21,000 pounds, respectively, and that work-in-process inventories are immaterial, prepare budgets for the calendar quarter in which the new product will be introduced for each of the following operating factors: Do not use negative signs with any of your answers below. 1. Total sales 2. Production units 3. Material purchases cost 4. Direct labor costs 5. Manufacturing overhead costs 6. Selling and administrative expenses b. Using data generated in requirement (a), prepare a budgeted income statement for the calendar quarter. Assume an overall effective income tax rate of 35%. Round answers to the nearest whole number. Do not use negative signs with your answers
