Fillmore Company has developed the following standards related to the production of their finished units: Direct Materials (7 pounds per unit @ $9 per pound) Direct Labor (6 hours per unit @ $18 per direct labor hour) Variable Overhead (5 machine hours @ $8 per machine hour) Fixed overhead costs are estimated at $373,125 per quarter. Selling and administrative costs are expected to be $3 per unit variable and $410,000 fixed per quarter. The expected selling price is $300 per unit. The following sales forecast is available for the year 2023: 1st Quarter 11,000 units; 2nd Quarter 12,000 units; 3rd Quarter 14,000 units; and the 4th Quarter 13,000 units. The expected sales in the 1st Quarter of the year 2024 are 10,000 units. Management policy is to maintain a finished goods inventory equal to 25% of the next quarter's sales and a raw materials inventory equal to 20% of the next quarter's material production requirements. The beginning inventories of the 1st quarter of the year 2023 are expected to meet these same requirements, REQUIRED: Part A In the attached workpaper #1: 1. Prepare a production budget, by quarters for 2023. (12 pts) 2. Prepare a direct materials budget for the first TWO quarters of 2023. (12 pts)