Budgeting The 2021 budget estimates for Fairmont, Inc. are shown below. What amount would Fairmont budget for "Total cost of direct materials purchased" for 20217 1Q sales 4,000 2Q sales 5,000 3Q sales 6,000 4Q sales 7,000 1Q sales following year 8,000 2Q sales following year 10,000 Per unit sales price $ 50.00 Ending inventory reserve: Finished goods need 30% of next Qtr's sales Direct materials need 15% of next Our's production 5 Beg. Cash $ 80,000 Beg. A/R $ 40,000 17 Beg. FG inventory (in units) 1,200 18 Beg. Materials inventory (in pounds) 1,935 19 Direct labor hours required per unit 20 Direct labor rate per hour $ 15.00 Direct materials (in pounds) needed per unit Cost per direct materials pound $ 6.00 23 Variable overhead: 24 Indirect materials $1.80 per labor hour 25 Indirect labor $2.00 per labor hour 26 Utilities $1.20 per labor hour 27 Fixed overhead (per quarter): 28 Supervisor salaries $30,000 29 Maintenance $ 4,500 30 Variable expenses: 31 Sales commissions $2.00 per unit sold 32 Freight-out $1.50 per unit sold 33 Fixed expenses (per quarter): 34 Advertising $ 8,000 35 Sales salaries $ 12,000 36 Office salaries $ 40,000 37