Prepare the Factory overhead budget for $\backslash (20\backslash$times $1\backslash ).$

$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|\}$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$c$|\}\{$SPRING MANUFACTURING COMPANY$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$c$|\}\{$Factory Overhead Budget$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$c$|\}\{$For the Year $20$X$1\}\backslash \backslash$

$\backslash$hline Variable factory overhead: & & $\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{2\}\{|$c$|\}\{\}$ & $\backslash \backslash$

$\backslash$hline $\backslash (\backslash$square $\backslash )$ & & $\backslash \backslash$

$\backslash$hline & & $\backslash \backslash$

$\backslash$hline & & $\backslash \backslash$

$\backslash$hline & & $\backslash \backslash$

$\backslash$hline & & $\backslash \backslash$

$\backslash$hline & & $\backslash \backslash$

$\backslash$hline & & $\backslash \backslash$

$\backslash$hline & & $\backslash$$ $0\backslash \backslash$

$\backslash$hline Fixed factory overhead: & & $\backslash \backslash$

$\backslash$hline & & $\backslash \backslash$

$\backslash$hline & & $\backslash \backslash$

$\backslash$hline & & $\backslash \backslash$

$\backslash$hline & & $\backslash \backslash$

$\backslash$hline Total cash fixed factory overhead & $\backslash$$ $0$ & $\backslash \backslash$

$\backslash$hline & & $\backslash \backslash$

$\backslash$hline & & $\backslash$$ $0\backslash \backslash$

$\backslash$hline Total budgeted factory overhead & & $\backslash$$ $0\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$ Prepare the Cost of goods sold and ending finished goods inventory budgets for $\backslash (20\backslash$times $1\backslash ).$

Note: Round your intermediate calculations to $2$ decimal places. Prepare the Selling and administrative expense budget, broken down into two components: Selling Expenses and Administrative Expenses for $\backslash (20\backslash$times $1\backslash ).$ Prepare the Budgeted income statement, the last item of which is labeled After$-$tax Operating Income for $\backslash (20\backslash$times $1\backslash ).$ Note: Round your intermediate calculations to $2$ decimal places.