Direct Materials Purchases Budget The direct materials. Ruschases budget should be integrated with the production budget to ensure that production is not interrupted during the year. This budget estimates the quantities of direct materials to be purchased to support budgeted production, along with desired inventory levels of direct materials Before you make any changes to the budget, you review the information in the following Direct Materials Data Table and enter the units to be produced from the Production Budget parel After scanning the direct materials purchases budget (which follows the Direct Materials Data Table), you observe that LeamCo has omitted quite a few numbers from the budget. FW in the missing amounts. You may need to use numbers from the Direct Materials Data Tablo, or from the sales budget and production budget you prepared. When required, round your answers to the nearest dollar Direct Materials Data Table Wood Pieces Beads Packages required per unit: 1 2 Basic abacus 2 3 Deluxe abacus Cost per package $0.25 Wood Dioces Direct Materials Data Table Wood Pieces Beads 1 2 2 3 Packages required per unit: Basic abacus Deluxe abacus Cost per package: Wood pieces Beads Units to be produced (from Production Budget): Basic abacus Deluxe abacus $0.25 $0.25 LearnCo Direct Materials Purchases Budget For the Year Ending December 31, 20Y2 Direct Materials Wood Pieces Beads Total LearnCo Direct Materials Purchases Budget For the Year Ending December 31, 20Y2 Direct Materials Wood Pleces Beads Total Packages required for production: Basic abacus Deluxe abacus Desired inventory, December 31, 2012 2,200 5,000 Total packages available Estimated Inventory, January 1, 2042 Total packages to be purchased (3,500) (4,500) Unit price (per package) Total direct materials to be purchased $ $72,888 After reviewing LearnCo's sales budget, you note that three numbers have been omitted. The company's controller has told you that the units sold for the Basic and Deluxe models are expected to be the same. Fill in the missing amounts. Learn Co Sales Budget For the Year Ending December 31, 20Y2 Product Unit Sales Volume Unit Selling Price Total Sales Basic Abacus 36,000 $6.00 $216,000 Deluxe Abacus 36,000 14.00 504,000 Totals 72,000 $720,000 Production Budget Shaded cells have feedback. The production budget should be integrated with the sales budget to ensure that production and sales are kept in balance during the year. The production budget estimates the number of units to be manufactured to meet budgeted sales and desired inventory levels. You note that LearnCo has omitted six numbers from the following production budget and fill in the missing amounts. You may need to use numbers from the sales budget you prepared. LearnCo Production Budget For the Year Ending December 31, 20Y2 Units Basic Units Deluxo 36,000 36,000 1,000 3,000 Expected units to be sold (from Sales Budget) Desired ending Inventory, December 31, 20Y2 Total units available Estimated beginning inventory, January 1, 20Y2 Total units to be produced 37,000 39,000 (1.050) (2.100) 35,950 36,900