I WANT ANSWER FOR THE DIRECT MATERIAL BUDGET, PLEASE IF POSSIBLE SHOW CALCULATION . THANK YOU.

region, and the company as a WHIC. 2. As the Manitoba region manager, would you investigate the Winnipeg SIO this report? Why or why not? 3. Briefly discuss the benefits of budgeting. Base your discussion on Winnie's World's perfor- mance report. P9-64A Prepare an inventory purchases, and cost of goods sold budget (Learning Objective sy University Logos buys logo-imprinted merchandise and then sells it to university bookstores Sales are expected to be $2,000,000 in September, $2,160,000 in October, $2,376,000 in November, and $2,500,000 in December. University Logos sets its prices to earn an average 30% gross profit on sales revenue. The company does not want inventory to fall below $400,000 plus 15% of the next month's cost of goods sold. Requirement 1. Prepare an inventory. purchases, and cost of goods sold budget for the months of October and November. Problems (Group B) P9-65B Comprehensive budgeting problem (Learning Objectives 2 & 3) Osborne Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Osborne Manufacturing's operations: Current assets as of December 31 (prior year): Cash Accounts receivable, net......... Inventory... Property, plant, and equipment, net ......... Accounts payable... Capital stock........... Retained earnings...... $ 4,640 $ 57,600 $ 15,600 $121,500 $ 42,800 $124,500 $ 22,800 a. Actual sales in December were $72,000. Selling price per unit is projected to remain stable at $12 per unit throughout the budget period. Sales for the first five months of the upcoming year are budgeted to be as follows: January .. February.. March April.... May .... $104,400 $108,000 $112,800 $109,200 $105,600 b. Sales are 20% cash and 80% credit. All credit sales are collected in the month follow- ing the sale. C. Osborne Manufacturing has a policy that states that each month's ending inventory of finished goods should be 10% of the following month's sales (in units). d. Of each month's direct material purchases, 20% are paid for in the month of purchase, while the remainder is paid for in the month following purchase. Three kilograms of direct material is needed per unit at $2.00 per kilogram. Ending inventory of direct materials should be 30% of next month's production needs