Question 2 of 17

Question 2 of 17 View Policies Current Attempt in Progress On January 1, 2022, the Bonita Company budgeted the following for the year ended December 31, 2022: -/7 1. 2. 3. 4. Sales units: First quarter 4,500; second quarter 5,600; third quarter 6,700; fourth quarter 7,200 units; First and second quarters of 2023: 7,800 units. Ending raw materials inventory: 40% of the next quarter's production requirements. Ending finished goods inventory: 30% of the next quarter's expected sales in units. Desired production for first quarter of 2023 is 7,800 units. 3 kilograms of raw materials are needed to make each unit of finished goods. Raw materials purchased are expected to cost $3 per kilogram. Prepare a production budget and a direct materials budget by quarters for the year ended December 31, 2022. Quarter 1 BONITA COMPANY Production Budget For 2022 Quarter 2 Quarter 3 Quarter 4 Year 2022