Spring Manufacturing Company makes two components identified as C12 and D57 Selected budgetary data for 2019 follow: Finished ComponentS C12 D57 Requirements for each finished component: RM 1 RM 2 RM 3 Direct labor 10 pounds 8 pounds 4 pounds 1 pound 3 hourS 2 pounds 2 hour3 Product information: $ 170 12,000 S 240 8,000 160 200 Sales price Sales (units) Estimated beginning inventory (units) Desired ending inventory (units) Direct Materials Information : 3.50 0.50 2,900 1, 900 1,000 1,100 Cost per pound Estimated beginning inventory in pounds Desired ending inventory in pounds 3, 500 1,300 The firm expects the average wage rate to be $25 per hour in 2019. Spring Manufacturing uses direct labor hours to apply overhead Each year the firm determines the overhead application rate for the year based on budgeted direct labor hours for the year. The firm maintains negligible Work-in-Process Inventory and expects the cost per unit for both beginning and ending inventories of finished products to be identical The effective income tax rate for the company is 30%. Required: 1. Prepare the Sales budget for 2019. 2. Prepare the Production budget for 2019. 3. Prepare the Direct materials purchases budget (units and dollars) for 2019. 4. Prepare the Direct labor budget for 2019 5. Prepare the Factory overhead budget for 2019. 6. Prepare the Cost of goods sold and ending finished goods inventory budgets for 2019. 7. Prepare the Selling and administrative expense budget, broken down into two components: Selling Expenses, and Administrative Expenses for 2019 8. Prepare the Budgeted income statement, the last item of which is labeled After-tax Operating Income for 2019. Complete this question by entering your answers in the tabs below Complete this question by entering your answers in the tabs below Required Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Prepare the Sales budget for 2019. SPRING MANUFACTURING COMPANY Sales Budget For the Year 2019 C12 Total D57 Sales (in units) Selling price per unit Total sales revenue Required 2 Complete this question by entering your answers in the tabs below Required 6 Required 1Required 2 Required 3Required 4 Required 5 Required 7 Required 8 Prepare the Production budget for 2019. SPRING MANUFACTURING COMPANY Production Budget For the Year 2019 C12 D57 Budgeted sales (in units) Total units needed 0 Budgeted production (in units) Required 1 Required 3> Complete this question by entering your answers in the tabs below Required 1 Required 2Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Prepare the Direct materials purchases budget (units and dollars) for 2019. (Round "Cost per pound to 2 de cinnal p aces. ) SPRING MANUFACTURING COMPANY Direct Materials Purchases Budget (units and dollars) For the Year 2019 Total C12 D57 Raw material (RM) 1 Budgeted production RM 1 needed for production Total RM 1 needed (bs.) Required purchases of RM 1 (lbs.) Budgeted purchases, RM 1 Raw material (RM) 2 Help Save &Exit Saved Submit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3Required 4Required 5 Required 6 Required 7 Required 8 Prepare the Direct labor budget for 2019. SPRING MANUFACTURING COMPANY Direct Labor Budget For the Year 2019 C12 D57 Total Budgeted production Total direct labor hours needed Budgeted direct labor costs