Direct Materials Budget For the Year Ending Dec. 31, 2018 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total Units to be produced 7,580 8,400 8,840 8,800 33,620 Direct material per unit 2 2 2 2 2 Total pounds needed for production 15,160 16,800 17,680 17,600 67,240 Add: Desired ending inventory 4,200 4,420 4,400 3,660 3,660 Total material required 19,360 21,220 22,080 21,260 70,900 Less: Beginning inventory 0 4,200 4,420 4,400 Pounds of direct material purchase requirements 19,360 17,020 17,660 16,860 70,900 Cost per pound $1.50 $1.50 $1.50 $1.50 $1.50 Total cost of direct material purchase $29,040 $25,530 $26,490 $25,290 $106,350 Total $106,350 Direct Labor Budget For the Year Ending Dec. 31, 2018 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total Units to be produced 7,580 8,400 8,840 Direct labor hours per unit 0.75 0.75 0.75 0.75 0.75 Total $106,350 Direct Labor Budget For the Year Ending Dec. 31, 2018 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total Units to be produced 7,580 8,400 8,840 Direct labor hours per unit 0.75 0.75 0.75 0.75 0.75 Total required direct labor hours 5,685 6,300 6,630 6,600 Labor cost per hour $25 $25 $25 $25 $25 Total direct labor cost $142,125 $157,500 $165,750 $ $630,375 Calculator Print Item Fill in the missing information from the following schedules: Sales Budget For the Year Ending Dec. 31, 2018 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total Expected sales (units) 7,400 8,300 8,800 9,000 Sales price per unit $45 $51 $51 $56 Total sales revenue $333,000 $423,300 $448,800 $ $ Production Budget For the Year Ending Dec. 31, 2018 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Q1, Year 2 Expected sales 7,400 8,300 8,800 9,000 8,000 Desired ending inventory 1,660 1,760 1,800 920 Total required units 9,060 10,060 10,600 10,600 8,920 Less: Beginning inventory 1,480 1,660 1,760 1,800 1,600 Required production 7,580 8,400 8,840 7,320 Total Direct Materials Budget