$($Click the icon to view additional information.$)$ of plastic$).$ The company wants to have $30\%$ the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $$0\mathrm{.}20$ per pound.

Read the requirements.

Data table

Requirement $1.$ Prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter.

Smith Manufacturing

Production Budget

For the Months of January through March

$\backslash$table$[[$Unit sales,January February March Quarter$],[$Plus: Desired ending inventory,$],[$Total needed,$],[$Less: Beginning inventory,$],[$Units to produce,$]]$

$\backslash$table$[[$Number of planters to be sold$],[$January $....,3,900],[$February $....,3,200],[$March $......,3,700],[$April $.......,4,400],[$May $.......,4,900]]$

Requirements

Prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter.

Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the pounds of polypropylene required and the total cost of the polypropylene to be purchased.