y ponty Acent of the next month's sales. Suppose each handisew takes approximately 0.65 hours to manufacture, and Wesley pays an average labor wage of $12.50 per hour. Each handisaw requires a plastic housing that Wesley purchases from a supplier at a cost of $6.00 each. The company has an ending direct materials inventory policy of 10 percent of the following month's production requirements. Materials other than the housing unit total $4.00 per handisa. Manufacturing overhead for this product includes $69.000 annuel fixed overhead (based on production of 21000 units) and $100 per unit variable manufacturing overhead. Wesley's selling expenses are 6 percent of sales dollars, and administrative expenses are tied at $14,000 per month Required: 1. Compute the budgeted cost of goods sold for the first quarter 2. Compute the budgeted selling and administrative expenses for the first quarter. 3. Complete the budgeted income statement for the handisow product for the first quarter y ponty Acent of the next month's sales. Suppose each handisew takes approximately 0.65 hours to manufacture, and Wesley pays an average labor wage of $12.50 per hour. Each handisaw requires a plastic housing that Wesley purchases from a supplier at a cost of $6.00 each. The company has an ending direct materials inventory policy of 10 percent of the following month's production requirements. Materials other than the housing unit total $4.00 per handisa. Manufacturing overhead for this product includes $69.000 annuel fixed overhead (based on production of 21000 units) and $100 per unit variable manufacturing overhead. Wesley's selling expenses are 6 percent of sales dollars, and administrative expenses are tied at $14,000 per month Required: 1. Compute the budgeted cost of goods sold for the first quarter 2. Compute the budgeted selling and administrative expenses for the first quarter. 3. Complete the budgeted income statement for the handisow product for the first quarter