1. The DecorIdeas Company manufactures hand-crafted natural wood display cupboards. Currently the company makes only one size of display cupboard, which is 60-inch height, 48-inch width, and 19-inch depth; and has 6 shelves. The final product consists of a routed, sanded, assembled, and stained oak wood cupboard. Direct materials include oak shelving wood and hickory plywood backing board. Other materials, such as wood screws, sand paper, stain, wood glue, and packaging. are treated as indirect materials. Decorldeas is preparing budgets for the fourth quarter ending December 31, 2022. For each requirement below prepare budgets by month for October, November, and December; and a total budget for the quarter. The previous year's sales (2021/22) for the corresponding period were: 2. The company desires to have finished goods inventory on hand at the end of each month equal to 15 percent of the following month's budgeted unit sales. On September 30,2022 , there were 450 display cupboards on hand. (Note, an estimate of sales in January is required in order to complete the production budget for December). Prepare a Production budget. 3. The display cupboards require two direct materials: oak shelving wood and hickory plywood backing board. Oak shelving wood: Thirty (30) feet of 121 oak shelving wood are required for each cupboard produced. Management desires to have materials on hand at the end of each month equal to 10 percent of the following month's cupboard production needs. The beginning inventory of oak wood, October 2022, was 10,150 feet of wood. Oak wood is expected to cost $5.00 per foot. 3. The display cupboards require two direct materials: oak shelving wood and hickory plywood backing board. Oak shelving wood: Thirty (30) feet of 121 oak shelving wood are required for each cupboard produced. Management desires to have materials on hand at the end of each month equal to 10 percent of the following month's cupboard production needs. The beginning inventory of oak wood, October 2022, was 10,150 feet of wood. Oak wood is expected to cost $5.00 per foot. Hickory plywood backing board: Hickory plywood backing board is purchased by the sheet and 2 backing boards can be cut from each sheet. Management desires to have plywood on hand at the end of each month equal to 15 percent of the following month's production needs. The beginning inventory of plywood, October 2022, was 100 sheets. Hickory plywood is expected to cost $45 per sheet. (Note, budgeted production in January is required in order to complete the direct materials budget for December. Also, use the @ROUND function to round up to the nearest whole number the number of sheets of plywood to purchase - "DM quantities to purchase"). Prepare a Direct Materials budget. Also, because two direct materials are required for production - oak wood and hickory plywood - you will need a separate schedule for each direct material