Question 1 Oak Creek Company is preparing its master budget for 2020. Relevant data pertaining to its sales, production, and direct material budgets are as follows Sales: Sales for the year are expected to total 1,000,000 units. Quarterly sales are 20%, 25%, 25%, and 30%, respectively. The sale price is expected to be 140 Per Ufor first three stes and 544 per unit beginning in the fourth quarter. Sales in the first quarter of 2021 are expected to be 10% higher than the budgeted sales for the first water of 3020 Production: Management desires to maintain the ending finished goods inventores at 20% of the next Quarter's budgeted sales volume Direct materials: Each unit requires 2 kg of raw materials at a cost of $10 per kilogram Management des toman raw material inventores a ton of the rest requirements. Assume the production requirements for the first quarter of 2021 510,000 R. Your wer is correct Prepare the widget bytes for 2020 OAK CREEK COMPANY Sales Budget D For the Year Ending December 31, 2020 Quarter 4 Year 200 10000 Un price body Total sales D3200000 1200000 Your answer is correct. Prepare the production budget by quarters for 2020. OAK CREEK COMPANY Production Budget For the Year Ending December 31, 2020 Quarter 1 2 3 Year Gm 200000 250000 250000 300000 1000000 HO Inventory 50000 50000 60000 44000 44000 cond 250000 300000 310000 344000 1044000 US wentory 40000 Sb000 50000 60000 40000 210000 250000 260000 284000 1004000 Total SHOW SOLUTION LINK TO TEXT (a3) AL (23) Prepare the direct materials budget by quarters for 2020. OAK CREEK COMPANY Direct Materials Budget For the Year Ending December 31, 2020 Quarter 2 Year v LINK TO TEXT Attempts: 0 of 3 used