EVERYONE – Please attempt this practice problem. It is not in your textbook.Bugnugget’s Crawfish Emporium specializes in the manufacturing and sales of specialty mudbug novelties and nibbles. Bugnugget has budgeted sales of $1,250,000 for 2XX9.Bugnugget also has the following budgeted costs for 2XX9:Direct Materials, $25,000Direct Manufacturing Labor, $215,654Variable Factory Overhead, $397,500Fixed Factory Overhead, $150,000Variable Selling & Administrative Expenses, $175,000Fixed Selling & Administrative Expenses, $105,000