1. Summarize the data above:
   1. Describe your product, the cost, size/quantity of what you will purchase?
   2. Describe how you determined your selling price.
   3. Make projections of your sales
   4. Estimate how many hours you will spend as a team for the 3 months including purchasing, repackaging and selling. Select an hourly rate to pay your team
   5. Make a Sales Budget for the first quarter of the year.
   6. Make a DM Budget for the upcoming three months, assuming your team needs to keep 10% of the direct materials needed for next month's sales on hand at the end of each month.
   7. Make a direct labour budget for the upcoming 3 months
   8. Think about any other expenses your team will likely incur. Makr the operating expenses for the upcoming 3 months.
   9. Include all the above data to make a budgeted Income Statement.