Green River Company is preparing its master budget for 2012. Relevant data Prepare sales, production, and pertaining to its sales, production, and direct materials budgets are as follows. direct materials budgets (503) Sales: Sales for the year are expected to total 1,000,000 units. Quarterly sales are 20%.25%, 25%. and 30%, respectively. The sales price is expected to be $40 per unit for the first three quarters and $45 per unit beginning in the fourth quarter. Sales in the first quarter of 2013 are expected to be 10% higher than the budgeted sales for the first quarter of 2012 Production: Management desires to maintain the ending finished goods inventories at 20% of the next quarter's budgeted sales volume. Direct materials: Each unit requires 2 pounds of raw materials at a cost of $10 per pound. Man- agement desires to maintain raw materials inventories at 10% of the next quarter's production requirements. Assume the production requirements for first quarter of 2013 are 500,000 pounds Prepare the sales, production, and direct materials budgets by quarters for 2012. Green River Company is preparing its budgeted income statement for 2012 Relevant data pertaining to its sales, production, and direct materials budgets can be found in Do it! 23-2 above. In addition, Green River budgets 0.3 hours of direct labor per unit, labor costs at $14 per hour, and manufacturing overhead at $20 per direct labor hour. Its budgeted selling and admin istrative expenses for 2012 are $7,000,000. (a) Calculate the budgeted total unit cost. (b) Prepare the budgeted income statement for 2012. Algerian Company management wants to maintain a minimum monthly cash bal ance of $20,000. At the beginning of April, the cash balance is $22,000, expected cash receipts for April are $245,000, and cash disbursements are expected to be $256,000. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance? Calculate budgeted total unit cost and prepare budgeted income statement (504) Determine amount of financing needed (505)