4. Materials Purchases Budget Camois Corporation manufactures little boxes. Each one takes 2 sq-ft of material which costs $12 per sq ft. The company had 5,010 sq-ft of material on hand at the beginning of January and required enough endir materials to be on hand to meet 10% of the following quarter's production requirements. The company expects to produce 32,000 units in Q1 of 2022. Required: Prepare a materials purchases budget for the year. Provide both the number of sq-fts and the dollar value of inventory to be purchased. 5. Cash Payments Budget The company expects to pay 60% of sales in the quarter of the purchase of materials, and 40% in the quarter following the purchase. The company's beginning accounts payable was $385,000, all of which was expected to be paid in the first quarter. Required: Prepare a schedule of expected cash disbursements/payments for direct materials for the year. Also, calculate the ending accounts payable. 6. Direct Labour Budget Each unit requires 2 direct labour hours to produce and workers are paid $20.00 per hour. 4. Materials Purchases Budget Camois Corporation manufactures little boxes. Each one takes 2 sq-ft of material which costs $12 per sq ft. The company had 5,010 sq-ft of material on hand at the beginning of January and required enough endir materials to be on hand to meet 10% of the following quarter's production requirements. The company expects to produce 32,000 units in Q1 of 2022. Required: Prepare a materials purchases budget for the year. Provide both the number of sq-fts and the dollar value of inventory to be purchased. 5. Cash Payments Budget The company expects to pay 60% of sales in the quarter of the purchase of materials, and 40% in the quarter following the purchase. The company's beginning accounts payable was $385,000, all of which was expected to be paid in the first quarter. Required: Prepare a schedule of expected cash disbursements/payments for direct materials for the year. Also, calculate the ending accounts payable. 6. Direct Labour Budget Each unit requires 2 direct labour hours to produce and workers are paid $20.00 per hour