My Notebook" Inc. budgeted production of 100,000 notebooks in 2017. Paper is required to produce a notebook. Assume 6 square yards of paper are required for each notebook. The estimated January 1, 2017, paper inventory is 150,000 square yards. The desired December 31, 2017, paper inventory is 100,000 square yards. If paper costs $0.50 per square yard, determine the direct materials purchases budget for 2017 in Dollars ($).

$887,950

$275,000

$747,500

$325,000

The budget that needs to be completed first when preparing the master budget is the:

Question 3 options:

Capital Expenditures Budget

Production Budget

Cash Budget

Sales Budget

Motorcycle Manufacturers, Inc. projected sales of 76,000 machines for 2012. The estimated January 1, 2012, inventory is 6,500 units, and the desired December 31, 2012, inventory is 7,000 units. What is the budgeted production (in units) for 2012?

66,000 units

66,000 units

75,500 units

65,000 units