Austen 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.) Inventory at the start of the year was 350 planters. The desired inventory of planters at the end of each month should be equal to 10% of the following month's budgeted sales. Each planter requires two pounds of polypropylene (a type of plastic). The company wants to have 20% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.25 per pound. Read the requirements. 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. Unit sales Austen Manufacturing Production Budget For the Months of January through March January February Plus: Desired ending inventory Total needed Less: Beginning inventory Units to produce Requirements March Quarter 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. Print Done X Data table Number of planters to be sold January... 3,500 February 3,400 March ...... 3,600 April .... 4,000 May 4,200 Austen 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.) Inventory at the start of the year was 350 planters. The desired inventory of planters at the end of each month should be equal to 10% of the following month's budgeted sales. Each planter requires two pounds of polypropylene ( type of plastic). The company wants to have 20% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.25 per pound. Read the requirements. Plus: Desired ending Inventory Total needed Less: Beginning inventory Units to produce 340 360 400 400 3,840 350 3,760 340 4,000 360 10,900 350 3,490 3,420 3,640 10,550 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. Austen Manufacturing Direct Materials Budget For the Months of January through March January February March Quarter Units to be produced 3490 3420 3640 10550 Multiply by: Quantity of direct materials needed per unit 2.00 2.00 2.00 2.00 Quantity needed for production 6980 6840 7280 21100 Plus: Desired ending inventory of direct materials Total quantity needed