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P 1 . Coyote Inc. is preparing its annual budgets for the year ending December 3 1 , 2 0 2 4 . Accounting assistants

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P1. Coyote Inc. is preparing its annual budgets for the year ending December 31,2024. Accounting assistants furnish the data shown below.
Sales budget:
Anticipated volume in units of finished good: 100,000 units in the first quarter with 25,000 units increase in each succeeding quarter.
Unit selling price $20
Production budget:
Desired ending finished goods units: 10% of next quarter's slaes
Expected the first quarter of 2025 sales:
125,000 units
Direct materials budget:
Direct materials per unit of finished good
4 pounds
Desired ending inventory of direct materials: 20% of the next quarter's production requirement
Beginning direct materials pounds 82,000 pound
Cost per pound of materials
$3
Direct labor budget:
Direct labor time per unit of finished good
0.5 hour
Direct labor rate per hour
$20
Manufaccturing overhead budget (MOH) :
Variable MOH :
Indirect materials per direct labor hour:
$2
Indirect labor per direct labor hour:
Others per direct labor hour:
Fixed MOH
Rents:
$1.50
$0.50.
Salaries:
$60,000
$80,000
Instructions: Prepare budgets for sales, production, direct materials, direct labor, and MOH for each quarter and the entire year 2024
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