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On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020. Prepare

On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020.

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Prepare a production budget by quarters for the 6-month period ended June 30, 2020. HARDIN COMPANY Production Budget Beginning Direct Materials Direct Materials Purchases Expected Unit Sales Attempts: Def 1 used Required Production Units Desired Ending Direct Materials Beginning Finished Goods Unit Total Required Units Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2020. HARDIN COMPANY Direct Materials Budget Quarter 1 2 V V to $ V $ $Direct Labor Cost Per Hour Desired Ending Direct Materials (Pounds) Total Materials Required Total Pounds Needed for Production Units to be Produced Direct Materials Purchases Cost Per Pound Direct Materials Per Unit Total Required Direct Labor Hours Direct Labor Time Per Unit Total Direct Labor Cost Beginning Direct Materials (Pounds) Total Cost of Direct Materials Purchases On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020. Sales units: First quarter 5,600; second quarter 6,400; third quarter 7,000. Ending raw materials inventory: 40% of the next quarter's production requirements. Ending finished goods inventory: 25% of the next quarter's expected sales units. Third-quarter production: 7,440 units. The ending raw materials and finished goods inventories at December 31, 2019, follow the same percentage relationships to production and sales that occur in 2020. 5 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound

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