PA8. Total Pop's data show the following information: New machinery will be added in April. This machine will reduce the labor required per unit and increase the labor rate for those employees qualified to operate the machinery. Finished goods inventory is required to be 20% of the next month's requirements. Direct material requires 2 pounds per unit at a cost of $3 per pound. The ending inventory required for direct materials is 15% of the next month's needs. In January, the beginning inventory is 3,000 units of finished goods and 4,470 pounds of material. Prepare a production budget, direct materials budget, and direct labor budget for the first quarter of the year. PA 9 Titanium Blades refines titanium for use in all brands of razor blades. It prepared a static budget for the gales of 5,000 units. These variances were observed: Determine the static budget and use the information to prepare a flexible budget and analysis for the 6,000 units actually sold. HINT: You will have to determine the Unit Price and the Variable Expense after you complete the Static budget using the 5000 units