Circle the single best answer. Use the following information to answer Questions 14 through 19: Projected sales for Silver, Inc., for next year and beginning and ending inventory data are as follows: Sales. Unit price.. Beginning inventory. Targeted ending inventory. 40,000 units $20 20,000 units 10,000 units Each unit requires 5 pounds of material which costs $3.00 per pound. The beginning inventory of raw materials is 5,000 pounds. The company wants to have 3,000 pounds of material in inventory at the end of the year. Each unit produced requires 2 hours of direct labour time, which is billed at $8 per hour. 14. Budgeted sales would be: (a) $580,000; (b) $600,000; (c) $800,000; (d) $840,000 15. According to the production budget, how many units should be produced? (a) 30,000; (b) 42,000; (c) 46,000; (d) 50,000 16. Pounds of material to be purchased would be: (a) 142,000; (b) 148,000; (c) 150,000; (d) 152,000 17. The budgeted total purchase cost of direct materials would be: (a) $456,000; (b) $450,000; (c) $444,000; (d) $426,000 18. The budgeted number of total direct labour hours needed would be: (a) 30,000; (b) 40,000; (c) 46,000; (d) 60,000 19. The budgeted total direct labour cost would be: (a) $320,000; (b) $442,000; (c) $480,000; (d) $496,000 Compare your answers with those at the end of the chapter. Review any questions missed.