accounting

ADDITIONAL INFORMATION a. Ending finished goods inventory should be equal to 10% of next month's sales projection. b. Each unit requires 3 pounds of material at a raw material cost of $5 per pound. c: Labor cost is $10 per unit produced. d. Ending raw material inventory should be equal to 20% of next month's material requirement. c. Factory overhead is $18,000 per month of which $8,000 is for depreciation. f. All costs are paid in the month incurred except for purchases which is paid in the following month. g. The selling price per unit is $100. REQUIRED: Using Excel, in good form: Prepare a SALES BUDGET for the first quarter (January through March). Prepare a PRODUCTION BUDGET for the first quarter (January through Mareh). Prepare a Raw Materials PURCHASES BUDGET for the first quarter (Jan. through Mar.) Prepare a CASH DISBURSEMENTS budget for the first quarter (January through March). A B 1. SALES BUDGET 2 SCHEDULE 1 3 THE BEAR CORPORATION 4 MONTH \begin{tabular}{|r|} \hline SALES(units) \\ 40,000.00 \\ \hline 30,000.00 \\ 40,000.00 \\ 10,000.00 \\ 70,000.00 \end{tabular}