wide factory overhead rattached to the three broducts. The factory overhead rate is based on direct bor hours triformation about the three broducts for 2012 is as follow Budgeted Volume Direct later Price Per Direct Materials (unit) Hours Per Unit Unit Per Unit 11,000 0.30 356 33.000 1 4 cami 2,000 0.30 75 The estimate 32 de direct labor our Beginning and ending inventories are nelle and at the med to be more. The budgeted factory overhead for Bottes 5164,450 Determine that startwide actory over rate. 33 Determine the face overhead and direct labor cost per och product Direct Labor Factory Overhead Director Hours Per Unit Cost Per Unit Cost Per Unit 0.30 h Wave 0.15 0.20 din menommen betruct a budgeted grow profit report by product line for the year and December 31, 2012. Indude the growtrofit is a percent of in the last one of your report rounded to deal place the amounts sportive number,cept for a negative gros prot/gross profiterontage of sales Elliot Engines Inc Product Line Budgeted Gross Profit Reports the Year End December 2012 c. Use the information above to construct a budgeted gross profit report by product line for the year ended December 31, 2072. Include the gross profit as a percent of sales in the last line of your report, rounded to one decimal place Enterall amounts as positive numbers, except for a negative gross profit/gross profit percentage of Elliot Engines Inc. Product Line Budgeted Gross Profit Reports For the Year Ended December 31, 2012 Pistons Valves Cams Revenues Product Costs Direct materials Direct labor Factory overhead Total Product Costs Gross pront Gross profit percentage of sales d. What does the report in (c) indicate to you? Valves have the owes gross profit as a percent of sales Valves may require a higher same profitability as the other two products price or higher cost to manufacture in order to achieve the