2: Drip Stoppers, Inc. produces brass faucets, and has the following budgeted sales for the end of this year and the beginning of next year: a) The firm expects to have 4,000 units of finished faucets in inventory at the end of December, and wants to have an inventory of finished faucets equal to 20% of the unit sales for each successive month. Prepare a production budget for January, February, and March of next year: b) Three pounds of brass are required to make one faucet, and each pound of brass costs \$20. The materials inventory at the end of December is expected to be 5,000 pounds, but the firm wants to have 6,000 pounds available at the end of January, 7,000 pounds at the end of February, and 7,500 pounds at the end of March next year. Prepare a direct materials budget for January, February, and March of next year: c) It takes an average of 15 minutes of direct labor time to make one faucet, and workers at Drip Stoppers are paid $12 per hour. Prepare a direct labor budget for January, February, and March of next year