Cari Furniture has the following information in respect of Coffee tables for 2021: Production specifications:

Beginning Inventory Target Ending Inventory

Direct Materials:

Particle board 20,000 b.f. 18,000 b.f.

Teak 25,000 b.f. 22,000 b.f.

Finished goods

Coffee tables 5,000 units 3,000 units

Revenue expected for 2021 are:

Selling price $392 per table

Units sold 52,000 coffee tables

Each coffee table requires 9.00 b.f. of particle board and 10.00 b.f. of Teak.

Costs for 2020 and expected for 2021 include:

2020 2021

Particle board (per b.f.) $ 3.90 $ 4.00

Teak (per b.f.) $ 5.80 $ 6.00

Laminating labor (per hour) $24.00 $25.00

Machining labor (per hour) $29.00 $30.00

Prepare the following budgets for 2021:

a. Revenues Budget

b. Production Budget (in units)

c. Direct Material Usage Budget

d. Direct Material Purchases Budget