(PAI) Lens Junction sells lenses for $45 each and is estimating sales of 15,000 units in January and 18,000 in February. Each lens consists of 2 pounds of silicon costing $2.50 per pound, 3 oz of solution costing $3 per ounce, and 30 minutes of direct laborat a labor rate of $18 per hour. Desired inventory levels are: Jan. 31 Feb. 28 Mar. 31 Beginning inventory Finished goods 4,500 5,000 Direct materials: silicon 8,500 9,100 9.200 Direct materials: solution 11,200 12,000 13,000 Prepare a sales budget, production budget, direct materials budget for silicon and solution, and a direct labor budget. 4,900 Lens Junction Sales Budget For the Two Months Ending Feb. 28, 2019 Jan. 15,000 45 Feb. 18,00 45 Expected Sales (units) Sales Price per Unit Total Sales Revenue Total 675,000 810,000 Lens Junction Production Budget For the Two Months Ending Feb. 28, 2019 Jan. Expected Sales 15, DOO Desired Ending Inventory Aid 4,00 Total Required Units 19,700 4,500 Beginning Inventory lets 15,400 Required Production Total Feb. 12,000 500 23,000 4,100 Lens Junction Direct Materials Budget Direct Materials Silicon For the Two Months Ending Feb. 28, 2019 Jan. Feb. 13,00 2 36100 2. Units to Be Produced Direct Material per Unit Total Pounds Needed for Production Desired Ending Inventory And Total Material Required Beginning Inventory (te) Pounds of Direct Material Purchase Requirements Cost per Pound Total Cost of Direct Material Purchase Total Direct Materials Silicon for Two Months Ending Feb. 28, 2019 2 Joto 4,100 37.100 1. Seo 31.450 45,400 2. O 19 30 7,1 Lens Junction Direct Materials Budget Direct Materials Solution For the Two Months Ending Feb. 28, 2019 Jan. 5,400 3 Feb. 100 11,600 ST, c. Too 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 Direct Materials Solution for Two Months Ending Feb. 28, 2019 3, 55,30 13 145,00 Lens Junction 2 Direct Labor Budget For the Two Months Ending Feb. 28, 2019 Jan. 15,400 0.5 Units to Be Produced Direct Labor Hours per Unit Total Required Direct Labor Hours Labor Cost per Hour Total Direct Labor Cost Total Direct Labor Budget for Two Months Ending Feb. 28, 2019 Feb. 18,100 O.S 7050 18 16 LT00 7700 18 138.600