Old Camp Company manufactures awnings for its own line of tents. The company is currently operating at capacity and has received an offer from one of its suppliers to make the 10,000 awnings it needs for $20 each. Old Camp's costs to make the awning are $9 in direct materials and $5 in direct labor. Variable manufacturing overhead is 75 percent of direct labor. If Old Camp accepts the offer, $34,000 of fixed manufacturing overhead currently being charged to the awnings will have to be absorbed by other product lines. Required: 1. Complete the incremental analysis for the decision to make or buy the awnings in the table provided below. 2. Should Old Camp continue to manufacture the awnings or should they purchase the awnings from the supplier? 3. Assuming that the capacity released by purchasing the awnings allowed Old Camp to record a profit of $30,000, should Old Camp continue to manufacture or purchase the awnings? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete the incremental analysis for the decision to make or buy the awnings in the table provided belo Make Buy Net Income Increase (Decrease) Direct Materials Direct Labor Variable OH Fixed OH Purchase Price Total Pacienda oduct lines. by other equired: . Complete the incremental analysis for the decision to make or buy the awnings in the table provided Delow. 2. Should Old Camp continue to manufacture the awnings or should they purchase the awnings from the supplier? 3. Assuming that the capacity released by purchasing the awnings allowed Old Camp to record a profit of $30,000, should Old Camp continue to manufacture or purchase the awnings? Complete this question by entering your answers in the tabs below. Required 1 Requiled 2 Required 3 Should Old Camp continue to manufacture the awnings or should they purchase the awnings from the su O Manufacture Purchase low. Should Old Camp continue to manufacture the awnings or should they purchase the awnings from s. Assuming that the capacity released by purchasing the awnings allowed Old Camp to record a pro 530,000, should Old Camp continue to manufacture or purchase the awnings? upplier? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assuming that the capacity released by purchasing the awnings allowed Old Camp to record a profit of Camp continue to manufacture or purchase the awnings? Manufacture Purchase . . Each T-shirt is expected to sell for $14. The purchasing manager buys the T-shirts for $6 each. The company needs to have enough T-shirts on hand at the end of each quarter to fill 24 percent the next quarter's sales demand. Selling and administrative expenses are budgeted at $78,000 per quarter plus 16 percent of total sales revenue. Required: 1. Determine budgeted sales revenue for quarters 1, 2, and 3. 2. Determine budgeted cost of merchandise purchased for quarters 1, 2and 3. 3. Determine budgeted cost of good sold for quarters 1, 2, and 3. 4. Determine selling and administrative expenses for quarters 1, 2, and 3. 5. Complete the budgeted income statement for quarters 1, 2, and 3. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Reqhired 3 Required 4 Required 5 Determine budgeted cost of good sold for each quarter. Quarter 1 Quarter 2 Quarter 3 Budgeted Cost of Goods Sold . Each T-shirt is expected to sell for $14. The purchasing manager buys the T-shirts for $6 each. The company needs to have enough T-shirts on hand at the end of each quarter to fill 24 percer the next quarter's sales demand. . Selling and administrative expenses are budgeted at $78,000 per quarter plus 16 percent of total sales revenue. Required: 1. Determine budgeted sales revenue for quarters 1, 2, and 3. 2. Determine budgeted cost of merchandise purchased for quarters 1, 2, and 3. 3. Determine budgeted cost of good sold for quarters 1, 2, and 3. 4. Determine selling and administrative expenses for quarters 1, 2, and 3. 5. Complete the budgeted income statement for quarters 1, 2, and 3. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Determine selling and administrative expenses for each quarter. Quarter 1 Quarter 2 Quarter 3 Budgeted Selling and Administrative Expenses Required: 1. Determine budgeted sales revenue for quarters 1, 2, and 3. 2. Determine budgeted cost of merchandise purchased for quarters 1, 2 and 3. 3. Determine budgeted cost of good sold for quarters 1, 2, and 3. 4. Determine selling and administrative expenses for quarters 1, 2, and 3. 5. Complete the budgeted income statement for quarters 1, 2, and 3. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Complete the budgeted income statement for each quarter. RED CANYON T-SHIRT COMPANY Budgeted Income Statement Quarter 1 Quarter 2 Quarter 3 S n Budgeted Gross Margin Dul stic oth a fixe Budgeted Net Operating Income