Division N has decided to develop its budget based upon projected sales of

$2$

$7$

$,$

$0$

$0$

$0$

$$lamps at

$

$4$

$8$

$.$

$0$

$0$

$$ per lamp.

The company has requested that you prepare a master budget for the year. This budget is to be used

for planning and control of operations and should be composed of:

$$

$$

$1$

$.$

$$ Production Budget

$$

$$

$2$

$.$

$$ Materials Budget

$$

$$

$3$

$.$

$$ Direct Labor Budget

$$

$$

$4$

$.$

$$ Factory Overhead Budget

$$

$$

$5$

$.$

$$ Selling and Administrative Budget

$$

$$

$6$

$.$

$$ Cost of Goods Sold Budget

$$

$$

$7$

$.$

$$ Budgeted Income Statement

$$

$$

$8$

$.$

$$ Cash Budget

$$

Notes for Budgeting:

$$

$$

The company wants to maintain the same number of units in the beginning and ending inventories of

work

$-$

in

$-$

process, and electrical parts while increasing the inventory of Lamp Kits to

$6$

$2$

$5$

$$pieces and

decreasing the finished goods by

$2$

$0$

$\%$

$.$