Python Products manufactured the metal coat hanger. The project sales for the first quarter of the coming year and the beginning and ending inventory data are as follows: Unit sales 120,000 Unit price US$ 20 Units in beginning inventory 10,000 Units in targeted ending inventory 20,000 The metal coat hanger are molded and then painted. Each hanger requires 5 pounds of metal, which cost US$ 3.0 per pound. The beginning inventory of materials is 3,000 pounds. Python Products wants to have 8,000 pound of metal in inventory at the end of the quarter. Each hanger produced requires 0.8 hour of direct labor time, which is billed at US$ 15 per hour. Required: a. Prepare a production budget for the first quarter. (10 marks) b. Prepare a direct labor budget for the first quarter. (10 marks) c. Prepare a direct materials purchase budget for the first quarter. (10 marks)