Please answer the questions for D and E. I would appreciate it! I already answered A through C.

Module 10 Checkpoint Name Space Company has developed the following standards relating to the production of their finished units: Direct Materials, 5 pounds per unit @ $8.00 per pound Direct Labor, 7 hours per unit @ $16 per labor hour Variable Overhead, 4 machine hours per unit @ $9 per machine hour Fixed overhead costs are estimated at $508,200 each quarter. The expected selling price is $400 per unit. Selling and administrative costs are expected to be $8 per unit variable and $620,000 fixed each quarter. The following sales forecast is available for the year 2021: First Quarter 9.000 units; Second Quarter 11,000 units; Third Quarter 13,000 units; and Fourth Quarter 12,000 units. The expected sales in the First Quarter of 2022 are 12,000 units. Management policy is to maintain a finished goods inventory equal to 40% of the next quarter's sales and a raw materials inventory equal to 30% of the next quarter's production requirements. The beginning inventories of the first quarter of the year 2021 are expected to meet these same requirements. D. Compute the following amounts for the FIRST quarter of the year 2021 only: 1. What is the budgeted direct labor cost? 2. What is the budgeted variable overhead cost? 3. What is the budgeted fixed overhead cost? 4. What dollar amount of fixed overhead cost will be applied to production? 5. What is the budgeted amount of sales dollars? 6. What is budgeted cost of goods sold? 7. What is the budgeted selling & administrative cost? 8. What is budgeted net income? 9. What is the expected balance at the end of the quarter of raw materials (in dollars)? 10. What is the expected balance at the end of the quarter of finished goods (in dollars)? E What amount of fixed overhead cost will be applied to production for the year? Quarter 4 12,000 Total 45,000 4,800 B C A. Prepare a production budget by quarters for the year 2021. PRODUCTION BUDGET Quarter 1 Quarter 2 Quarter 3 Unit Sales $9,000 11,000 13,000 Plus: Desired 4,400 5,200 4,800 Ending FG Total Units Needed 13,400 16,200 17,800 Less: 3,600 4,400 Beginning FG 5,200 Production Required 9,800 11,800 12,600 16,800 4,800 12,000 46,200 Total B. Prepare a direct materials purchase budget for the first TWO quarters of the year 2021 only. DIRECT MATERIALS PURCHASE BUDGET Quarter 1 Quarter 2 Quarter 3 Quarter 4 Units to be 9,800 11,800 12,600 Produced Direct Materials 49,000 59,000 63,000 Required Add: Expected Ending 17.700 18,900 Inventory 66,700 77.900 Less: Opening Balance 14,700 17,700 Direct Material Purchase 52,000 60,200 Cost Price $8.00 $8.00 Direct Material Purchase $416,000 $481,600 C Compute the following amounts 1 What is the budgeted ANNUAL production for the year 2021? 2 What are the budgeted ANNUAL machine hours needed for production for the year 2021? 3 What are the budgeted ANNUAL fixed overhead costs for the year 2021? 4 Based on machine hours, what is the pre-determined fixed overhead rate for the year 20212 5 What is the total expected cost of a finished unit? 46,200 units 184,800 hours (46,200 * 4 hours per unit) 2,032,800 (508,2004) 11 hours (2,032 800 / 184,800 hours) $199.00 (DM 40 DL 112 -VOH 38. FOH 11)