Exercise 8-16 (Algo) Direct Materials and Direct Labor Budgets [LO8-4, LO8-5] The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year. In addition, 42,000 grams of raw materials inventory is on hand at the start of the ist Quarter and the beginning accounts payable for the ist Quarter is $8,600. Each unit requires 7 grams of raw material thot costs $1.80 per gram. Management desires to end each quarter with an inventory of raw materials equal to 25% of the following quarter's production needs. The desired ending inventory for the 4 th Quarter is 5.000 grams. Management plans to pay for 60% of raw material purchases in the quorter acquired and 40% in the following quarter. Each unit requires 0.40 direct labor-hours and direct laborers are paid $12.50 per hour Required: 1. and 2 Calculate the estimated grams of raw material that need to be purchased and the cost of raw material purchases for each quarter and for the year as a whole. 3. Calculate the expected cash disbursements for purchases of materials for each quarter and for the year as a whole. 4. Calculate the estimated direct labor cost for each quarter and for the year as a whole Complete this question by entering your answers in the tabs below. Calculate the estimated grams of raw material that need to be purchased and the cost of raw material purchases for each quarter and for the year as a whole. Required: 1. and 2. Calculate the estimated grams of raw material that need to be purchased and the cost of raw material purchases for each quarter and for the year as a whole. 3. Calculate the expected cash disbursements for purchases of materials for each quarter and for the year as a whole. 4. Calculate the estimated direct labor cost for each quarter and for the year as a whole: Complete this question by entering your answers in the tabs below. Calculate the expected cash disbursements for purchases of materials for each quarter and for the year as a whole. In addition, 42,000 grams of raw materials inventory is on hand ot the start of the ist Quarter and the beginning accounts pay the ist Quarter is $8,600 Each unit requires 7 grams of raw material that costs $1.80 per gram. Management desires to end each quarter with an invent raw materials equal to 25% of the following quarter's production needs. The desired ending inventory for the 4 th Quarter is 5 . grams. Management plans to pay for 60% of raw material purchases in the quarter acquired and 40% in the following quarter. requires 0.40 direct labor-hours and direct laborers are paid $12.50 per hour. Required: 1. and 2. Caiculate the estimated grams of raw material that need to be purchased and the cost of raw material purchases for ea quarter and for the year as a whole. 3. Calculate the expected cash disbursements for purchases of materials for each quarter and for the year as a whole. 4. Calculate the estimated direct labor cost for each quarter and for the year as a whole. Complete this question by entering your answers in the tabs below. Calculate the estimated direct labor cost for each quarter and for the year as a whole. (Round "Direct labor hours per unit" and "Direct labor cost per hour" answers to 2 decimal places.)