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Please help me with step by step Ch 22 Budgeting Problem (50 points) Nancy Inc. has the following data to prepare budgets for 2023: '

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Ch 22 Budgeting Problem (50 points) Nancy Inc. has the following data to prepare budgets for 2023: ' Budgeted Sales units: 1St Qtr 8,000; 2nd Qtr 8,500; 3rd Qtr 9,000, 4th Qtr 9,500 ' Selling price per unit is $35 ' Desired Ending Finished Goods Inventory: 18% of next Qtr Sales Desired Ending Raw Material Inventory: 23% of next Qtr Production 0 Beginning Inventory Balances for Production and Material follow the same percentage relationships 0 Each unit requires 2 pounds of material, at $5 per pound ' Each unit requires 1.5 hours of labor, at $10 an hour Answer the following questions based on the data above. Each question is worth 10 points: . Compute the Sales Budget for the 4 Quarters, and total for the year . Compute the Production Units Required for Qtr 1 and Qtr 2 . Compute the total pounds of Direct Material Purchases required for Qtr 1 and Qtr 2 . Compute the total M of Direct Material Purchases required for Qtr 1 and Qtr 2 . Compute the total cost of Direct Labor required for Qtr 1 and Qtr 2 Instructions: Show all calculations for each item step-by- step handwritten on paper to receive full credit. Please

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