1. Selected Information concerning sales and production for Ablgall Co. for September are summarized as follows: Estimated sales: Product KitKat: 80,000 units at $60 per unit Product Lynx: 40,000 units at $130 per unit Estimated Inventorles, September 1: Material 1: 8,000 ounces. Material 2: 7,000 ounces Product KitKat: 6,000 units @ $34 = $204,000 : @ Product Lynx: 5,400 units @ $70 = $378,000 Desired Inventories at September 30: Material 1: 6,000 lbs. Material 2: 5,000 lbs. Product KitKat: 5,000units @ $34 = $170,000 Product Lynx: 4,000 units @ $70 = $280,000 Direct materials used in production: Product KitKat Product Lynx Material 1: 1.4 ounces per unit 7.0 ounces per unit Material 2: 2.4 ounces per unit 3.6 ounces per unit Costs for direct materials per unit: Material 1: 1: $4.00 per lib. Material 2: $2.00 per lb Direct labor requirements: Sort FIL Product Kitkat 0.8 hr. per unit 0.30 hr. per unit Product Lynx 1.2 hr. per unit 0.50 hr. per unit Sort FILL Direct labor rate $24per hr. S32 per hr. Estimated factory overhead costs for September: Indirect wages $400,000 Depreciation of Plant & Equipment 80,000 Power & Light 50,000 Indirect material 68,000 REQUIRED: For September 1. Prepare a sales budget. . 2. Prepare a production budget 3. Prepare a direct materials purchases budget. 4. Prepare a direct labor cost budget. 1. Selected Information concerning sales and production for Ablgall Co. for September are summarized as follows: Estimated sales: Product KitKat: 80,000 units at $60 per unit Product Lynx: 40,000 units at $130 per unit Estimated Inventorles, September 1: Material 1: 8,000 ounces. Material 2: 7,000 ounces Product KitKat: 6,000 units @ $34 = $204,000 : @ Product Lynx: 5,400 units @ $70 = $378,000 Desired Inventories at September 30: Material 1: 6,000 lbs. Material 2: 5,000 lbs. Product KitKat: 5,000units @ $34 = $170,000 Product Lynx: 4,000 units @ $70 = $280,000 Direct materials used in production: Product KitKat Product Lynx Material 1: 1.4 ounces per unit 7.0 ounces per unit Material 2: 2.4 ounces per unit 3.6 ounces per unit Costs for direct materials per unit: Material 1: 1: $4.00 per lib. Material 2: $2.00 per lb Direct labor requirements: Sort FIL Product Kitkat 0.8 hr. per unit 0.30 hr. per unit Product Lynx 1.2 hr. per unit 0.50 hr. per unit Sort FILL Direct labor rate $24per hr. S32 per hr. Estimated factory overhead costs for September: Indirect wages $400,000 Depreciation of Plant & Equipment 80,000 Power & Light 50,000 Indirect material 68,000 REQUIRED: For September 1. Prepare a sales budget. . 2. Prepare a production budget 3. Prepare a direct materials purchases budget. 4. Prepare a direct labor cost budget