Master Budget Assignment Electro Works Co. ("EW") is preparing its quarterly budget for 2021 and 2022. EW manufactures and sells electric cars. The following information is available: . . Each unit requires 150 hours of direct labour and 2,000 kg of inventory to build. Currently, they have 3,000,000 kg of inventory in raw materials inventory. To prepare for supply disruptions, the company likes to keep monthly ending inventory of high enough to meet 90% of the next quarter's production requirements. In practice, their attempts at this might not always work out. Direct labour costs $23 per hour. Accounts payable are paid 90% in the quarter the good or service is purchased and 10% in the following quarter. The company's year-end is December 31. Each KG of raw materials inventory costs $2 in 2021 and 2022. This was the same price in 2020. In December 2020, 3.2M kg of raw material was purchased and of Direct Labour cost $6M. Sales are estimated as follows: Sales (Units) 2021 Q1 1,535 2,250 2,550 04 2,130 2022 1,611 2,362 2,678 Q4 2,237 2023 Q1 02 2,543 1,725 MacBook Air 19 80 7 $ 24 BBB 3 4 5 ^ & 100 37 DAIL FR bb 19 $10 6 %7 7 8 9 0 ERTY U C P