Lesson 3 Case Study for Homework - As part of the management of L3ExxelTech Company, you've been asked to prepare a first pass budgeted income statement for the coming year. L3ET produces a relatively high priced technology product ($5,100 each) and requires a direct commissioned sales force to support sales levels. The company has a seasonal pattern of sales, selling more in the spring and summer than in the fall and winter. (The monthly seasonality factors will be shown in the HW3Template) Based on a review of the past years actual costs, the following monthly cost amounts have been judged to apply for the first-pass budget. Your assignment is to use the Template as a guideline, and build a full month by month profit plan for the coming year. Here are the first pass budget assumptions: (k$, monthly amounts)