1. The following are the sales forecast of Avril Furniture Company for the upcoming fiscal year: Year 2 Year 3 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 Budgeted unit sales 10,000 16,000 15,000 23,000 30,000 Past experience has shown that the ending inventory for each quarter should be equal to 10% of the next quarter's sales in units. The company expect to start the first quarter with 4,000 units. Two pounds of material A are required for each unit produced. The company has a policy of maintaining a stock of material A on hand at the end of each quarter equal to 25% of the next quarter's production needs for material A. Fourth quarter ending of materials is estimated as 8,000 pounds and a total of 12,000 pounds of material A are on hand to start the year. The cost of material A is $3 per pound. Required: a. Prepare a production budget showing the number of units to be produced each quarter and for the year in total (5 marks). b. Prepare Avril's Direct Material Budget and calculate direct materials dollar amount of purchases by quarter and for the year in total (8 marks)