Please Solve Questions 1-3 Using Production Budget and Direct Materials Budget

Varney Company makes rolling suitcases. Its sales budget for four months is: Month March 15,000 April 20,000 May 40,000 June 60,000 Varney's policy is that ending inventory of finished suitcases should equal 30 percent of the next month's sales. Beginning inventory (March 1) is 5,300 suitcases. Each suitcase required 1.5 yards of ballistic nylon. The ending inventory policy for nylon is that 20 percent of the following months production needs must be on hand. On March 1, Varney had 10,450 yards of nylon in inventory. 1. What is the budgeted production of suitcases for April? Show all your work. Hints: You will not use all the information provided. You must find the ending inventory of March to get April beginning inventory. 2 What is the budgeted production of suitcases for May? Show all your work. 3. What is the budgeted purchases of ballistic nylon for April? Show all your work