PA7. G 7.3 Fill in the missing information from the following schedules: Sales Budget For the Year Ended December 31, 2018 Quarter 1 Quarter 2 Quarter 3 Expected sales (units) 7.500 8,250 8.750 Sales price per unit 45 $ SO 50 Total sales revenue $337.500 $412.500 $437,500 Quarter 4 Total 2 $ $ 9,000 $ 55 ? ? Expected sales Desired ending inventory Total required units - beginning inventory Required production Total Production Budget For the Year Ended December 31, 2018 Quarter 1 Quarter 2 Quarter 3 7.500 8.250 8,750 1,650 1.750 1.800 9,150 10,000 10.550 1.500 1.650 1.750 7,650 8.350 8.800 Quarter 4 01. Year 2 9,000 8,000 ? 900 10,600 8,900 1,800 1,600 ? 7.300 Total 7.650 Quarter 4 8,800 2 Direct Materials Budget For the Year Ended December 31, 2018 Quarter 1 Quarter 2 Quarter 3 8,350 8.800 2 2 2 15,300 16,700 17,600 4,175 4,400 4,400 19,475 21,100 22.000 0 4,175 4,400 Units to be produced Direct material per unit Total pounds needed for production + desired ending inventory Total material required - beginning inventory Pounds of direct material purchase requirements Cost per pound Total cost of direct material purchase Total 33,600 2 17,500 3,650 21,250 4.400 67,200 3,650 70,850 0 16.925 $ 1.50 17,600 $1.50 16,850 $_1.50 70,850 1.50 $ 19,475 $_1.50 $29.213 $25,388 $26.400 $25.275 ? 5106,275 $106,275 Total Direct Labor Budget For the Year Ended December 31, 2018 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Units to be produced 7,650 8,350 8,800 ? Direct labor hours per unit 0.75 0.75 0.75 0.75 Total required direct labor hours 5,738 6,263 6,600 6,600 Labor cost per hour $ 25 $ 25 $ 25 $ 25 Total direct labor cost $143.438 $156,563 $165,000 ? ? 0.75 ? $ 25 $630,000