1. Prepare a Sales Budget. Apple is Preparing bugets for the quarter that ends in December 31st. Budget Sales of iPhone for the next months are: September 144,000 units October 190,000 units November 260,000 units December 150,000 units January 150,000 units Selling Price is $699 per unit.

2. The Management of Apple wants ending inventory to be equal to 10,000 sales units. On September 30, 20,000 units were on hand. Prepare a production budget.

3. Prepare a Direct Material Budget, using the amount of $370 for the Direct Materials required per unit. Management dont want material on hand at the end of each month.

4. Prepare a Direct Labor Budget. For the three months, the direct labor workforce will be paid for a flat rate of $15/hour. Required work hours are 3,000 hours per month.

5. Prepare the Overhead Budget for the Quarter with the following information: Indirect labor Oct = $20,000; Nov = $16,000; Dec = $16,000 Indirect Material Oct = $12,000; Nov = $12,000; Dec = $12,000 Utilities Oct = $7,000; Nov = $9,000; Dec = $10,000 Rent Oct = $150,000; Nov = $150,000; Dec = $150,000 Insurance Oct = $1,100; Nov = $1,000; Dec = $1,200 Maintenance Oct = $20,000; Nov = $21,000; Dec = 20,500