CPR 22-2B Sales, production, direct materials purchases, and direct labor cost budgets o. 4 The budget director of Royal Furniture Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production for February is summarized as follows: a. Estimated sales of King and Prince chairs for February by sales territory: 610 units at 570 per unit 750 units at 5550 per unit Northern Domestic King Prince Southern Domestic King Prince International King Prince 340 units at $780 per unit 440 units at $550 per unit 360 units at 5850 per unit 290 units at 5600 per unit b. Estimated inventories at February 1: Direct materials: Fabric Wood Filler Springs 420 sq yds. 580 linearit. 250 cu.ft. 660 units Finished products King... Prince 90 units 25 units c. Desired inventories at February 28: Direct materials: Fabric Wood Filler Springs Finished products: King. Prince 80 units 35 units 390 sq yds 650 linear ft. 300 cu.ft 540 units d. Direct materials used in production: In manufacture of King Fabric Wood Filler Springs... In manufacture of Prince Fabric Wood Filler Springs 6,0 sq yds per unit of product 38 linear ft.per unit of product 42 cu.ft. per unit of product 16 units per unit of product 4.0 sq yds, per unit of product 26 linear ft.per unit of product 3A cu.ft per unit of product 12 units per unit of product e. Anticipated purchase price for direct materials: Fabric Wood $12.00 per sq yd $7.00 per lineart Filler Springs $3.00 percut 5450 per unit f. Direct labor requirements: King Framing Department Cutting Department Upholstery Department. Prince Framing Department Cutting Department Upholstery Department 12 h. at 512 per le asht at $14 perhe Oh at 515 perhe Lo heat 512 perhe 0.4 h. at 514 perhe 0.6 h at 515 perhe Instructions 1. Prepare a sales budget for February 2. Prepare a production budget for February 3. Prepare a direct materials purchases budget for February 4. Prepare a direct labor cost budget for February