All one question. Please answer all parts to the best of your ability
Current Attempt in Progress Pargo Company is preparing its master budget for 2020. Relevant data pertaining to its sales, production, and direct materials budgets are as follows Sales Sales for the year are expected to total 1.100,000 units. Quarterly sales are 19%, 25%. 24%, and 32%, respectively. The sales price is expected to be $40 per unit for the first three quarters and $45 per unit beginning in the fourth quarter Sales in the first quarter of 2021 are expected to be 15% higher than the budgeted sales for the best quarter of 2020, Production Management desires to maintain the ending finished goods inventories at 20% of the next quarter's budgeted sales volume Direct materials. Each unit requires 2 pounds of raw materials at a cost of $12 per pound Management desires to maintain raw materials inventories at 10% of the next quarter's production requirements. Assume the production requirements for first quarter of 2021 are 490.000 pounds, Prepare the sales, production, and direct materials budgets by quarters for 2020 PARGO COMPANY Sales Budget Prepare the sales, production, and direct materials budgets by quarters for 2020. PARGO COMPANY Sales Budget Quarter 1 2 3 $ $ $ $ PARGO COMPANY Production Budget Quarter 1 2. PARGO COMPANY Production Budget Quarter 1 2 PARGO COMPANY Direct Materials Budget ANA PARGO COMPANY Direct Materials Budget Quarter 1 2 > $ Desired Ending Direct Materials (Pounds) Cost Per Pound Direct Labor Cost Per Hour Direct Materials Purchases Beginning Direct Materials (Pounds) Total Direct Labor Cost Total Cost of Direct Materials Purchases Total Materials Required Direct Materials Per Unit Units to be Produced Total Required Direct Labor Hours Direct Labor Time Per Unit Total Pounds Required for Production $ A e Textbook and Media Save for Later