Zordich Inc. has gathered the following budgeting information for next year and has asked you to prepere their master budget. Requirement Prepare the Direct Labor Budget for Zordich Inc.. The product's manufacturing cost is $199 per unit, including per unit costs of $120 for mate als ( s ibs at si $21 for variable overhead, and $4 for fixed overhead. er l ), s 4 for d ed labo (3 hour,$1S direct labor rat per hour), Zordich Inc. Direct Labor Budger For the year ended December 31, 2018 a. Sales for the final quarter of the prior year total 2,900 units. Expected sales (in units) for the current year are: 2,610 (Quarter1740 (Quarter 2), 2,320 (Quarter 3), and 2,320 (Quarter 4) Sales for the first quarter of the following year total 3,480 units. The selling price is $620 per unit in the first three quarters of the year, and $650 per unit in the final quarter. Second Qt. Third b. . Company policy calls for a given quarter's ending finished goods inventory to equal 50% of the Total d et la t ranee ed niext quarter's.expected unit sals. The finishd goods inventory at the end of the prior year is 1,305 units, which complies with the policy. The product's manufacturing cost is $199 per unit, including per unit costs of $120 for materials (8 lbs. at S$15 per lb.), $54 for ditect labor (3sTetal bugeted direct labor coo dars $18 direct labor rate per hour), $21 for variable overhead, and $4 for fixed overhead. Annual fixed overhead consists, incurred evenly throughout the year, consist of depreciation on Requirement Prepare the Factory Overhead Budget for Zordich Inc.. The product's manufacturing cest is $199 per anit, including p.r unit costs of $120 for materials (B lbe. at $15 per lb.), $54 for direct labor (3 hours $18 direct laterrate per : production equipment, $15,100, fectory utlities, $18,900, and other factory overhead of 3,700e . Company policy also calls for a gren quarter's ending raw materials inventory to equal 60% of year, consist of depreciation production cquipment, $15,100; .factory utilities, 18,900,, and otherlectary overhedef c next quarter's expected materials needed for production. The prior year-end inventory is 10.440 lbs of materials, which complis with the policy. The company expects to have 16,704 lbs. of materials in inventory at year-end. The company has no work in process inventory at the end of any quarter. Factory Overhead Budget year nded December 31, 2015 d. : Sales representatives, commissions are 18% of sales and are paid in the quarter of the sales. The Budgeted variable overnead sales manager's quarterly salary will be $198,000 in the first three quarters of the year, and $211,000 in the final quarter Budgesed sotal overhead Quarterly general and administrative expenses include $84,000 administrative salaries, rentO expense of $50,000 per quarter, insurance expense of $40,000 per quarter, straight- line depreciation of $40,000 per quarter, and 1% monthly interest on the $400,000 long-term note payable (12% annually). e. Requirement Prepare the selling expense budget for the Zordich Inc sales representatives' commissions are 18% of sale5 and are paid in thee quarter of the sales. The sales manager's quarterly salary will be 98,000 in the first three quarters of the year, and S211 000 in the final quarter. Selling Expense Budget f. : Income taxes will be assessed at 35%, and are paid in the quarter incurred. For the year ended December 31, 2018 First Gtr.Second ar. Third t. fourth Qt. Total 198,000 Total budgeted seling expenses Zordich Inc. has gathered the following budgeting information for next year and has asked you to prepere their master budget. Requirement Prepare the Direct Labor Budget for Zordich Inc.. The product's manufacturing cost is $199 per unit, including per unit costs of $120 for mate als ( s ibs at si $21 for variable overhead, and $4 for fixed overhead. er l ), s 4 for d ed labo (3 hour,$1S direct labor rat per hour), Zordich Inc. Direct Labor Budger For the year ended December 31, 2018 a. Sales for the final quarter of the prior year total 2,900 units. Expected sales (in units) for the current year are: 2,610 (Quarter1740 (Quarter 2), 2,320 (Quarter 3), and 2,320 (Quarter 4) Sales for the first quarter of the following year total 3,480 units. The selling price is $620 per unit in the first three quarters of the year, and $650 per unit in the final quarter. Second Qt. Third b. . Company policy calls for a given quarter's ending finished goods inventory to equal 50% of the Total d et la t ranee ed niext quarter's.expected unit sals. The finishd goods inventory at the end of the prior year is 1,305 units, which complies with the policy. The product's manufacturing cost is $199 per unit, including per unit costs of $120 for materials (8 lbs. at S$15 per lb.), $54 for ditect labor (3sTetal bugeted direct labor coo dars $18 direct labor rate per hour), $21 for variable overhead, and $4 for fixed overhead. Annual fixed overhead consists, incurred evenly throughout the year, consist of depreciation on Requirement Prepare the Factory Overhead Budget for Zordich Inc.. The product's manufacturing cest is $199 per anit, including p.r unit costs of $120 for materials (B lbe. at $15 per lb.), $54 for direct labor (3 hours $18 direct laterrate per : production equipment, $15,100, fectory utlities, $18,900, and other factory overhead of 3,700e . Company policy also calls for a gren quarter's ending raw materials inventory to equal 60% of year, consist of depreciation production cquipment, $15,100; .factory utilities, 18,900,, and otherlectary overhedef c next quarter's expected materials needed for production. The prior year-end inventory is 10.440 lbs of materials, which complis with the policy. The company expects to have 16,704 lbs. of materials in inventory at year-end. The company has no work in process inventory at the end of any quarter. Factory Overhead Budget year nded December 31, 2015 d. : Sales representatives, commissions are 18% of sales and are paid in the quarter of the sales. The Budgeted variable overnead sales manager's quarterly salary will be $198,000 in the first three quarters of the year, and $211,000 in the final quarter Budgesed sotal overhead Quarterly general and administrative expenses include $84,000 administrative salaries, rentO expense of $50,000 per quarter, insurance expense of $40,000 per quarter, straight- line depreciation of $40,000 per quarter, and 1% monthly interest on the $400,000 long-term note payable (12% annually). e. Requirement Prepare the selling expense budget for the Zordich Inc sales representatives' commissions are 18% of sale5 and are paid in thee quarter of the sales. The sales manager's quarterly salary will be 98,000 in the first three quarters of the year, and S211 000 in the final quarter. Selling Expense Budget f. : Income taxes will be assessed at 35%, and are paid in the quarter incurred. For the year ended December 31, 2018 First Gtr.Second ar. Third t. fourth Qt. Total 198,000 Total budgeted seling expenses