23.26 Production and related budgets it LOS Gasmania Pty Ltd produces patio heaters for household use. The following information has been gathered so that a production budget, a direct materials budget and a direct labour budget for part of 2020 can be prepared. The materials and labour requirements per tank are as follows. 00 Quantity Cost Stainless steel 5 kilograms $12 per kilogram Gas cylinder 1 $18 Moulding and welding 2 hours $22 per hour Powder coating 0.5 hour $18 per hour e macera Management prefers a finished goods ending inventory for each quarter that equals 25% of expected sales for the next quarter. Also, the ending inventory balance of direct materials should equal 25% of the next quarter's production requirements. The inventory balances on 1 January 2020 are forecast as shown. Stainless steel Gas cylinders Heaters 250 kilograms 103 500 The forecast quarterly sales in units are as follows. March 2020 June 2020 September 2020 December 2020 950 1 120 480 212 Required (a) Prepare a quarterly production budget, in units only, for the March, June and September quar- ters of 2020. (b) Prepare a direct materials budget for the March and June quarters of 2020 in both units and dollars (round to nearest unit). o pod but (c) Prepare a direct labour budget for the March and June quarters of 2020