6. Company B produces coat racks. The projected sales for the first quarter of the coming year and the beginning and ending inventory data are as follows: Unit sales 140,000 Unit price $17 Units in beginning inventory 9,000 Units in targeted ending inventory 11,000 Costs per unit is $1.50. The beginning inventory is 4,200. Company B wants to have 6,000 units in inventory at the end of the quarter. Each unit requires 30 minutes of direct labor time, which is billed at $8 per hour. Required (a) Prepare a sales budget for the first quarter. (b) Prepare a production budget for the first quarter. (c) Prepare a direct materials purchases budget for the first quarter. (d) Prepare a direct labor budget for the first quarter. 7. Company C expects to receive cash from sales of $40,000 in March. In addition, Company C expects to sell property worth $4,500. Payments for materials and supplies are expected to total $11,000, direct labor payroll will be $12,000, and other expenditures are budgeted at $14,000. On March 1, the cash account balance is $1,200. Prepare a cash budget for Company C, for the month of March