Production Budget Ford Seasonings management has asked its accounting staff to prepare a production budget for the upcoming quarter. Like all businesses, Ford Seasoning wants to have extra finished goods inventory on hand at the end of each period to serve as a buffer. Information about the firm's inventory balance at the beginning of the quarter and its desired level of ending inventory for each month during the quarter is as follows: Jars in Beginning Inventory, I-I-XX 1,500 Desired Jars in Ending Inventory, LEI-XX 10% of Febmary's budgeted sales {in jars) Jars expected to be sold during February ZUXX 15,000 Requirement I Use the information from the table above and your sales budget to prepare Ford Seasoning's production budget for the upcoming quarter. Ford Seasoning Production Budget For the Month Ended January 31, 2030: January Budgeted Jars to be Sold Add:Desired Jars in Ending Inventol}r Total Jars Needed Less: Jars in Beginning Inventoly Budgeted Jars to be Produced Direct Materials Budget Ford Seasoning's management has compiled a list of standards from the various managers at the company and handed this information off to the company's accounting staff to prepare the direct materials budget. In addition to the perjar standards, these managers have made an estimate about the quantity of direct materials needed at the end of the month. This information, as well as Ford Seasoning's current direct materials balance, is listed in the information below: Pounds of Direct Materials per Each Unit (Jar) 0.50 Cost per Pound of Direct Materials 5 6.00 Direct Materials in Beginning Inventory, I-I-XX 1,500 Desired Direct Materials Ending Inventory, 1-31-XX 10% of February's Budgeted Direct Materials Needed for Production Direct Materials needed for production during February ZUXX 15,000 Pounds of Direct Materials Requirement Use the information from the table above, as well as your prior budgets, to prepare Ford Seasoning's direct materials budget for the month of January 20XX Ford Seasoning Direct Materials Budget For the Month Ended January 31, ZDXX Januaijt' Budgeted Iars to be Produced Times: Pounds of Direct Materials per Unit (Jar) Direct Materials Needed for Production Add: Desired Direct Materials in Ending Inventoly Total Direct Materials Needed Less: Direct Materials in Beginning Inventory Budgeted Purchases of Direct Materials Times: Direct Materials Cost per Pound Budgeted Cost of Direct Materials Purchases Direct Labor Budget The production managers and HR employees at Ford Seasoning has compiled information about standards related to direct labor requirements during January 2DXX and passed it along to the accounting staff. The standards for the amount of labor hours required to make eachjar of 12spice as well as the expected average hourly costs of labor are as follows: Direct Labor Hours Required per Unit (Jar) 0.10 hours Average Hourlyr Wage of Direct Laborers S 20. DD per hour R e q u ire m e n t Use information obtained from the table above and the previous budgets to prepare Ford Seasoning's direct labor budget for the month ofJanuary Ford Seasoning Direct Labor Budget For the Month Ended January 31, 203K Jammy Budgeted Jars to be Produced Times: Direct Labor Hours Required per Unit (I a1) Direct Labor Hours Required for Production Times: Estimated Direct Labor Cost per Hour Total Direct Labor Costs