Exercise 5-17 Joshua Hill, Bates & Hill Fabricators' production manager, has just completed the company's production budget for the first quarter January February March Quarte 20,938 36,710 32,506 90,154 Budgeted Production Each brick requires 15 minutes to produce, and Joshua expects to pay workers $19 per direct labor hour in the coming year. Prepare Bates & Hill's direct labor budget for the first quarter. (Round per unit answers to 2 decimal places, e.g. 0.35 & all other answers to O decimal places, e.g. 5,275. Convert minutes to hour for calculation, e.g. 15 minutes is 25 hours.) e.g. 5.275. Convert minutes to hour for calculation, e.g. 1 January February MarchQuarter Mackenzie Chemicals has developed a new window cleaner that requires two ingredients, AM972 and CA38. Based on forecasted sales, Mackenzie has developed the following budgeted production for the coming year 1st Quarter 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Next Year Forecasted production (gallons) Each gallon of window cleaner requires 111 ounces of AM972 and 25 ounces of CA38. An ounce of AM972 costs Mackenzie $0.13. An ounce of CA38 costs the company $0.23. Mackenzie's inventory policy requires ending inventory equal to 20 percent of the next quarter's production needs. At the beginning of the year 5,070 8,470 9,180 12,050 7,670 Mackenzie expects to have 80,000 ounces of AM972 and 30,000 ounces of CA38 on hand. Prepare Mackenzie's AM972 purchases budget for the coming year. (Round answers to o decimal places, e.g. 5,275 and enter price per ounce to 2 decimal places, e.g. 0.35.) 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter