4 The production department of Hareston Company has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year. 2nd 1st Quarter 7.70e Quarter 8.700 3rd Quarter4th Quarter 6.700 5,709 Units to be produced TO points Ot 11:29 In addition, the beginning raw materials inventory for the first quarter is budgeted to be 1750 kilograms and the beginning accounts payable for the first quarter are budgeted to be $3.290 Each unit requires 2.7 kilograms of raw material that costs $2.10 per kilogram Management desires to end each quarter with an inventory of raw materials equal to 10% of the following quarter's production needs. The desired ending inventory for the fourth quarter is 2.025 kilograms, Management plans to pay for 80% of raw material purchases in the quarter acquired and 20% in the following quarter. Each unit requires 0.6 direct labour-hours, and direct labour-hour workers are paid $17.5 per hour Required: 1-a. Prepare the company's direct materials budget. (Round your answer to the nearest whole dollar amount.) Production needs (kilograms) Add: Desired ending inventory Total needs (kilograms) Deduct: Beginning inventory Raw materials to be purchased (kilograms) Cost of raw materials to be purchased HARESTON COMPANY Direct Materials Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 20,790 23.490 18,090 15,390 2,349 1,809 1,539 2.025 23,139 25,299 19,629 17,415 2.079 2.3498 1,809 1,539 21,060 22,950 17,820 15,876 44.226 48,195 37,4221 33,340 Year 77,760 2,025 79,785 2,079 77,706 163.183 1-b. Prepare the schedule of expected cash disbursements for materials for the upcoming fiscal year. (Round your answer to the nearest whole dollar amount.) HARESTON COMPANY Schedule of Expected Cash Disbursements for Materials 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year 4 04 1,809 Deduct Beginning inventory Raw materials to be purchased (kilograms) Cost of raw materials to be purchased 2,079 21,060 44,2261 2,3491 22.950 48,195 1.4715 1,539 15,876 33,340 17.820 37422 1,79 2.079 77,706 163,183 01.11.22 1-b. Prepare the schedule of expected cash disbursements for materials for the upcoming fiscal year. (Round your answer to the nearest whole dollar amount.) 4th Quarter Year HARESTON COMPANY Schedule of Expected Cash Disbursements for Materials 1st Quarter 2nd Quarter 3rd Quarter Accounts payable, beginning balance $ 7,700 1st Quarter purchase 3 2nd Quarter purchase 3rd Quarter purchase 4th Quarter purchase Total cash disbursements for materials $ 7,703 $ 0 $ $ 05 0 2. Prepare the company's direct labour budget for the upcoming fiscal year, assuming that the direct labour workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. (Do not round intermediate calculations.) HARESTON COMPANY Direct Labour Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Total direct labour-hours needed Total direct labour cost