OF BUDGETING: The budget department gathered the following data: Anticipated Sales for 2010 Product Units Price Expected Inventories A 40,000 $110 B 100,000 100 C 60,000 160 January 1,2010 16,000 units 30,000 12,000 Desired Inventories December 31, 2010 20,000 units 30,000 12,000 Material used in manufacture: Stock No. 110 Unit KGS A Amount used per unit or product B 5 Expected Inventories January 1,2010 Stock Price Desired Inventories No. Per Unit December 31, 2010 42,000 Each 110 550 50,000 Each Direct labor requirements and rates: PRODUCT A B C 10 HOURS PER UNIT RATE PER HOUR $4.00 5 5 $3.00 $4.20 The factory overhead is applied at $ 10 per direct labor hour. REQUIRED: 1. Sales Budget (in dollars) 2. Production Budget (in quantities) 3. Direct Material Purchase Budget (in quantities) 4. Direct Material Purchase Price Budget (in amounts) 5. Direct Labor Budget