Lens Junction sells lenses for $44 each and is estimating sales of 14,000 units in January and 1?,000 in February. Each lens consists of 2 pounds of silicon costing $2.50 per pound, 3 oz of solution costing $3 per ounce, and 45 minutes of direct labor at a labor rate of $16 per hour. Desired inventory levels are: Jan. 31 Feb. 28 Mar. 31 Beginning inventory Finished goods 4,600 4,800 5,100 Direct materials: s'IIioon 8,400 9,200 9,300 Direct materials: solution 11,200 11,800 12,800 Prepare a sales budget. Lens Junction Sales Budget For the Two Months Endlng February 28, 20!! January February Expected Sales (Units) E :l Sales Price per Unit $[:l $:l Total Sales Revenue $[:l $:l Total G Prepare a production budget. . _ .. Prepare a production budget. Lens Junction Production Budget For the Two Months Ending February 28, 20XX January February Expected Sales Total Required Units Required Production TotalPrepare direct materials budget for silicon. Lens Junction Direct Materials Budget for Silicon For the Two Months Ending February 28, 20XX January February Units to be Produced Direct Material per Unit Total Ounces Needed for Production Total Material Required Ounces of Direct Material Purchase Requirements Cost per Ounce Total Cost of Direct Material Purchase Total Direct Materials Silicon for Two Months Ending February 28, 20XXPrepare direct materials budget for solution. Lens Junction Direct Materials Budget for Solution For the Two Months Ending Felmruara.r 28, eon Units to be Produced Direct Material per Unit Total Dunces Needed for Production 7 Total Material Required T Ounces of Direct Material Purchase Requirements Cost per Ounce Total Cost of Direct Material Purchase DDDDBBDDDE ||D|D|DD|DD|DD|DD| Total Direct Materials Solution for Two Months Ending February 28. ZDKX Prepare a direct labor budget. Lens Junction Direct Labor Budget For the Two Months Endlng February 28, 20!! Units to be Produced Direct Labor Hours per Unit Labor Cost per Hour $ Total Direct Labor Cost $ l: Q Total Required Direct Labor Hours E l: l: Total Direct Labor Budget For Two Months Ending FEDI'UHW 23, EDXK