Gable Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information.) budgeted sales. Each planter requires four pounds of polypropylene (a type of plastic). The company wants to have 10% of the poly next month's production on hand at the end of each month. The polypropylene costs $0.25 per pound. 1. Prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter. 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the pounds of polypropylene required and the total cost of the polypropylene to be purchased. \begin{tabular}{lc} \hline & Number of planters to be sold \\ \hline January . & 3,200 \\ February & 3,600 \\ March...... & 3,100 \\ April & 4,500 \\ May .. & 4,700 \\ \hline \end{tabular} Requirement 1. Prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter. Gable Manufacturing Production Budget For the Months of January through March \begin{tabular}{lll} \hline Unit sales \\ Plus: Desired ending inventory \\ Total needed \\ Less: Beginning inventory \\ Units to produce \end{tabular} Requirement 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the pounds of polypropylene required and the total cost of the polypropylene to be purchased. Start by preparing the direct materials budget through the total quantity needed, then complete the budget