2. Prepare the following budgets for 1 quarter broken down monthly regarding you

2. Prepare the following budgets for 1 quarter broken down monthly regarding your chosen item: estimated sales budget estimated direct materials budget estimated direct labors budget estimated manufacturing overhead budget estimated selling and administrative expenses and an estimated income statement. 3. Classify all manufacturing costs and selling and administrative expenses as either variable or fixed.4. Prepare a contribution margin income statement separating all variable and fixed costs into their own categories.5. Determine the breakeven point in units and dollars. Also determine the number of units and dollars that need to be sold to make a target profit of $5000 a month.