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Attemptre 0 of 2 uned Prepare the sales, production, and direct materials budgets by quarters for 2022 Sheridan Company ls preparing its master budget for

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Attemptre 0 of 2 uned Prepare the sales, production, and direct materials budgets by quarters for 2022 Sheridan Company ls preparing its master budget for 2022. Relevant data pertaining to its sales, production, and direct materials budouts are as follows. Sales. Sules for the vear are expected to total 880,000 units. Quarterly sales are 20%,27%,26%, and 27%, respectively. The unit welline price is eqpected to be $41 for the first three quarters and $43 beginning in the fourth quarter. Saies in the first quarter of Production Management desires to maintain the ending finished goods inventories at 25% of the next quarter's budgeted sales veduitie. Direct muterials. Each unit requires 2 pounds of raw materials at a cost of $12 per pound. Management desires to maintain raw materials inveritorles at 10% of the next quarter's production requirements. Assume the production requirements for first quarter in 2023 are 396,000 pounds. Probur v thie wiles, production, and direct materials budgets by quarters for 2022. =

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