Assignment title: Information
Axiom Mobile Plus company approached you as Management Accounting expert to assist them in preparing their 2013 budget.They provided you with the following data:•Expected number of units to be sold in 2013Model 1: 15,000 unitsModel 2: 10,000 units•Expected selling PriceModel 1: $250Model 2: $200•Each model requires 5 components (camera, keypad, screen, frame, and motherboard). Model 1 has 2 cameras, while model 2 has only 1 camera.•Component prices are as follows:Camera: $15Keypads: $10Screen: $20Frame: $3Motherboard: $12.The company already had a beginning inventory of 3,000 units of each of the above components.•No ending inventory of any component item or finished goods is required.•Both Mobile models need 5.5 hours of labor at a cost of $5.00 per hour.•Overhead is allocated at a rate of $15 per direct labor hour.Required:•Prepare the following:Sales BudgetDirect materials (component) Budget