0.02/1 Question 5 ew Policies how Attempt History urrent Attempt in Progress IndigoCompany is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1,100,000 units. Quarterly sales are 19%, 25%, 24%, and 32%, respectively. The sales price is expected to be $40 per unit for the first three quarters and $45 per unit beginning in the fourth quarter. Sales in the first quarter of 2018 are expected to be 15% higher than the budgeted sales for the first quarter of 2017. Production Management desires to maintain the ending finished goods inventories at 20% of the next quarter's budgeted sales volume. Direct materials. Each unit requires 2 pounds of raw materials at a cost of $12 per pound. Management desires to maintain raw materials inventories at 10% of the next quarter's production requirements. Assume the production requirements for first quarter of 2018 are 490,000 pounds. - Your answer is partially correct. Prepare the sales budget by quarters for 2017 INDIGO COMPANY Sales Budget For the Year Ending December 31, 2017 : Quarter Expected unit sales 20000000 Prepare the sales budget by quarters for 2017. INDIGO COMPANY Sales Budget For the Year Ending December 31, 2017 Quarter Expected unit sales 20900000 Unit selling price $ Total sales eTextbook and Media X Your answer is incorrect. Prepare the production budget by quarters for 2017 INDIGO COMPANY Production Budget Quarter Prepare the production budget by quarters for 2017 INDIGO COMPANY Production Budget Quarter Beginning Finished Goods Inventory Add : : Desired Ending Finished Goods Inventory Desired Ending Direct Materials Less :: Direct Materials Per Unit Desired Ending Direct Materials e Textbook and Media x Your answer is incorrect. Prepare the direct materials budget by quarters for 2017. W W UESTO INDIGO COMPANY Direct Materials Budget Quarter Time Per Unit Labor Cost Required for production . Sect Labor Cost Per Hour Labor Cost Beginning Direct Materials hals Purchases Quarter Year nok and Media