1. Fruit Tea's data show the following information: Oct. Nov. Dec. Estimated sales (units) Sales price per unit Direct labor per unit Labor rate per hour Aug. 25,000 $ 31 $ 1.75 $ 21 Sept. 25,000 $ 31 $ 1.75 $ 21 27,000 $ 31 $ 1.50 $ 24 27,500 $ 31 $ 1.50 $ 24 28,000 $ 31 $ 1.50 $ 24 New machinery will be added in October. This machine will reduce the labor required per unit and increase the labor rate for those employees qualified to operate the machinery. Finished goods inventory is required to be 20% of the next month's requirements. Direct material requires 2.5 pounds per unit at a cost of $5 per pound. The ending inventory required for direct materials is 20% of the next month's needs. In August, the beginning inventory is 3,750 units of finished goods and 13,125 pounds of materials. For the first quarter of the yea prepare a: a. Sales budget b. Production budget c. Direct materials budget d. Direct labor budget