Budgeted hammers to be sold Sales price per hammer Total sales Budgeted hammers to be sold Plus Desired hammers in ending inventory Next quarter budgeted hammer sales Rallo of inventory to future sales Desired number of ending inventory hammers Total hammers needed Less: hammers in beginning inventory Budgeted hammers to be produced Thor Thunder Hammers, Inc Sales Budget For the Year Ended December 31, 2022 First Quarter Second Quarter Third Quarter Fourth Quarter Total Thor Thunder Hammers, Inc Production Budget For the Year Ended December 31, 2022 First Quarter Second Quarter Third Quarter Fourth Quarter Thor Thunder Hammers, Inc Direct Materials Budget For the Year Ended December 31, 2022 Budgeted hammers to be produced Pounds of direct materials needed per hammer Pounds of direct materials needed for production Plus: Desired pounds of direct materials in ending inventory Total pounds of direct materials needed Less: Pounds of direct materials in beginning inventory Budgeted unit purchases of direct materials Direct materials cost per pound Budgeted cost of direct materials to purchase Budgeted hammers to be produced Direct labor hours per hammer Direct labor hours needed for production Direct labor cost per hour Budgeted direct labor cost Direct labor hours required Variable overhead cost per direct labor hour Budgeted variable overhead Budgeted fixed overhead Depreciation Insurance and property taxes Total budgeted fixed overhead Total budgeted manufacturing overhead costs First Quarter Second Quarter Third Quarter Fourth Quarter Thor Thunder Hammers, Inc Direct Labor Budget For the Year Ended December 31, 2022 First Quarter Second Quarter Third Quarter Fourth Quarter Thor Thunder Hammers, Inc Manufacturing Overhead Budget For the Year Ended December 31, 2022 First Quarter Second Quarter Third Quarter Fourth Quarter Total