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12) Superior Industries' sales budget shows quarterly sales for the next year as follows: Quarter Sales (Units) First 10,000 Second 8,000 Third 12.000 Fourth 14,000 Company policy is to have a finished goods inventory at the end of each quarter equal to 20% of the next quarter's sales. What should be the budgeted production for the second quarter? a) 7,200 units. b) 8.000 units. c) 8,400 units. d) 8,800 units. 13) The Tobler Company has budgeted production for next year as follows: Quarter Production in Units First 10,000 Second 12,000 Third 16,000 Fourth 14,000 Four kilograms of raw materials are required for each unit produced. At the start of the year, raw materials on hand total 4,000 kilograms. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs. What would be the budgeted purchases of raw materials in the third quarter? a) 50,400 kilograms. b) 56,800 kilograms. c) 62,400 kilograms. d) 63,200 kilograms. The Bandeiras Company, a merchandising firm, has budgeted its activity for December according to the following information: I. Sales at $550,000, all for cash. II. Merchandise inventory on November 30 was $300,000. III. Budgeted depreciation for December is $35,000. IV. The cash balance at December 1 was $25,000. V. Selling and administrative expenses are budgeted at $60,000 for December and are paid in cash. VI. The planned merchandise inventory on December 31 is $270,000. VII. The invoice cost for merchandise purchases represents 75% of the sales price. All purchases are paid for in cash