Direct Materials and Direct Labor Budgets Willison Company produces stuffed toy animals; one of these is Betty Rabbit. Each rabbit takes 0.2 yard of fabric a nd six ounces of $3.50 per yard, and polyfiberfill is $0.05 per ounce. Willison has budgeted production of stuffed rabbits for the next 4 months as follows: Units 20,000 40,000 25,000 30,000 October November December January Inventory policy requires that sufficient fabric be in ending monthly inventory to satisfy 15% of the following month's production needs and sufficient polyfiberfill be in inventory to satisfy 30% of the following month's production needs. Inventory of fabric and polyfiberfil at the beginning of October equals exactly the amount needed to satisfy the inventory policy. Each rabbit produced requires (on average) 0.10 direct labor per hour. The average cost of direct labor is $15.50 per hour. Required: 1. Prepare a direct materials purchases budget of fabric for the last quarter of the year, showing purchases in units and each month and for the quarter in total. Do not include a multiplication symbol as part of your answer. in dollars for Willison Company Direct Materials Purchases Budget for Fabric For the Fourth Quarter October November December Total Units to be produced Direct materials per unit- Production needs L Desired ending inventory Total needs Less: Beg. inventory Direct materials to be purchased Cost per yard Total purchase cost 2. Prepare a direct materials purchases budget of polyfiberfill fo r the last quarter of the year, showing purchases in units and in 2. Prepare a direct materials purchases budget of polyfiberfill for the last quarter of the year, showing purchases in units and in dollars for each month and for the quarter in total. Do not include a multiplication symbol as part of your answer. Willison Company Direct Materials Purchases Budget for Polyfiberfill For the Fourth Quarter October November December Total Units to be produced Direct materials per unit Production needs Desired ending inventory Total needs Less: Beg. inventory Direct materials to be purchased Cost per ounce Total purchase cost 00,000000 00,000000, 3. Prepare a direct labor budget for the last quarter of the year, showing the hours needed and the direct labor cost for each mont and for the quarter in total. Do not include a multiplication symbol as part of your answer. Willison Company Direct Labor Budget For the Fourth Quarter October November December Total Units to be produced 0 Direct labor time per unit L: 11-1 Total hours needed [ )- Wages per hour- Total direct labor cost e