Finished products: 420 sq. yds. 580 linear ft. 250 cu. ft. King.... 90 units Prince.. 25 units 660 units b. Estimated inventories at February 1: Direct materials: Fabric. Wood... Filler... Springs... c. Desired inventories at February 28: Direct materials: Fabric... Wood ... Filler... Springs... Finished products: 390 sq. yds. 650 linear ft. 300 cu. ft. King.... Prince.. 80 units 35 units 540 units d. Direct materials used in production: In manufacture of King: Fabric... Wood. Filler.. Springs..... In manufacture of Prince: Fabric .. Wood .. Filler ... Springs.. e. Anticipated purchase price for direct materials: Fabric ... Wood .. 6.0 sq. yds. per unit of product 38 linear ft. per unit of product 4.2 cu. ft. per unit of product 16 units per unit of product 4.0 sq. yds. per unit of product 26 linear ft. per unit of product 3.4 cu. ft. per unit of product 12 units per unit of product $12.00 per sq. yd. Filler .. $7.00 per linear ft. Springs..... f. Direct labor requirements: King: Framing Department.. Cutting Department.. Upholstery Department.. Prince: Framing Department.. Cutting Department.. Upholstery Department.. Instructions 1. Prepare a sales budget for February. 2. Prepare a production budget for February. 3. Prepare a direct materials purchases budget for February. 4. Prepare a direct labor cost budget for February. $3.00 per cu. ft. $4.50 per unit 1.2 hrs. at $12 per hr. 0.5 hr. at $14 per hr. 0.8 hr. at $15 per hr. 1.0 hr. at $12 per hr. 0.4 hr. at $14 per hr. 0.6 hr. at $15 per hr. PR 22-2B Sales, production, direct materials purchases, and direct labor cost budgets OBJ.4 The budget director of Royal Furniture Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production for February is summarized as follows: a. Estimated sales of King and Prince chairs for February by sales territory: Northern Domestic: King.. Prince Southern Domestic: King..... Prince.. International: King..... Prince.... 610 units at $780 per unit 750 units at $550 per unit 340 units at $780 per unit 440 units at $550 per unit 360 units at $850 per unit 290 units at $600 per unit