CALCULATOR MESSAGE TY INSTICUUCTOR FULL SCREEN PLINTER VERSION BACK Question 1 Pargo Company is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and direct materials budgets are as follows Sale Sales for the year are expected to total 2,000,000 units Quarterly sales are 20% 25% 23% and 32%, respective y. The sales price is expected to be unit beginning in the fourth quarter. Sales in the first quarter of 2018 are expected to be 10% higher than the budgeted sales for the first quarter of 2017. Production. Management desires to maintain the e nd ng tinished Ooods iiv ent or e of th men quarte sb ude e-i-es wolumn 40 per unit for the first three quarters and $47 per Management desires to maintain rar maten als im e tones at 10% of the et quarter s production requirements. Assume ect materia s. Each unit requires 2 pounds of raw materials at a cost o $11 per pound the production requirements for first quarter of 2018 are 498,00D pounds. Prepare the sales, production, and direct materials budgets by quarters for 2017 PARGO COMPANY Sales Budget For the Year Ending December 31, 2017 Quarter Year Expected unit sales 460000 6000020000) Unit selling price Total sales $ 16000000 200000 $ 184000 $ 300800 PARGO COMPANY Production Budget For the Year Ending December 31, 2017 Version 4.24.0.3 Search the web and Windows 0:01 PM 7/18/2017