Maurizio Inc. is a company which designs outstanding costumes, designed to be worn by the contestants on "Dancing with The Stars". Below is the expected (budgeted) data for the start of next year: April May June July Sales in units 40 70 Sales price per unit $240.00 $260.00 5310.00 5400.00 The desired ending inventory for finished goods (production) is 10% of next month's sales. The desired ending inventory for raw materials is 20% of the next month's raw material requirements. Raw material required for each unit of the product is 5 units. The cost of each unit of raw material is $50 per unit. Time required to assemble one (1) costume is 120 minutes. Workers are paid $25 per direct labour hour. Using the above information answer the following questions. Using the sales budget, calculate the budgeted sales for May. HINT: remember the entry rules! Complete the production budget. How many units will have to be produced in May to meet the requirements? HINT: What are the "Units to be produced" on the production budget for May? Prepare the Direct Materials Purchases Budget. What will be the cost of May's production? HINT: On the Direct Materials Purchases Budget, what will be the "Total direct materials cost"? Prepare the Direct Labour Budget. What will be the total direct labour cost (rounded to the nearest dollar) for May