c. Direct materials cost budget: Laahari Comnanv d. Sales budget: Round unit selling price amounts to the nearest cent and use the same for subsequent requirements. 2. Calculate the total budgeted contribution margin for Laghan Company by month and in total for the first quarter of the coming year. (CMA adapted) Laghari Company Production Budget (units) b. Direct labor budget in hours: Round your answers to two decimal places, if required. Production, Direct Labor, Direct Materials, Sales Budgets, Budgeted Contribution Margin Laghari Company makes and selis high-quality glare filters for microcomputer monitors. John Tanaka, controller, is responsible for preparing Lagharr's master budget and has assembled the following data for the coming year. The direct labor rate includes wages, all employee-related benefits, and the employer's share of ficA. Labor saving machinery will be fully operational by March. Also, as of March 1, the company's union contract calls for an increase in direct labor wages that is included in the direct labor rate. Laghari expects to have 5,900 glare filters in inventory on December 31 of the current year, and has a policy of carrying 35 percent of the following month's projected sales in inventory. Information on the first four months of the coming year is as follows: Required: Unless otherwise indicated, round all calculated amounts to the nearest dollar or unit. 1. Prepare the following morthly budgets for Laghari Company for the first quarter of the coming year. a. Production budget in units: c. Direct materials cost budget: Laahari Comnanv d. Sales budget: Round unit selling price amounts to the nearest cent and use the same for subsequent requirements. 2. Calculate the total budgeted contribution margin for Laghan Company by month and in total for the first quarter of the coming year. (CMA adapted) Laghari Company Production Budget (units) b. Direct labor budget in hours: Round your answers to two decimal places, if required. Production, Direct Labor, Direct Materials, Sales Budgets, Budgeted Contribution Margin Laghari Company makes and selis high-quality glare filters for microcomputer monitors. John Tanaka, controller, is responsible for preparing Lagharr's master budget and has assembled the following data for the coming year. The direct labor rate includes wages, all employee-related benefits, and the employer's share of ficA. Labor saving machinery will be fully operational by March. Also, as of March 1, the company's union contract calls for an increase in direct labor wages that is included in the direct labor rate. Laghari expects to have 5,900 glare filters in inventory on December 31 of the current year, and has a policy of carrying 35 percent of the following month's projected sales in inventory. Information on the first four months of the coming year is as follows: Required: Unless otherwise indicated, round all calculated amounts to the nearest dollar or unit. 1. Prepare the following morthly budgets for Laghari Company for the first quarter of the coming year. a. Production budget in units