Question 2 Part A The ABC company manufactures beds that sell for $640. Budgeted sales for May June and July 2020 are 3000 units, 5200 units and 3500 respectively Each bed requires 20 square feet of cedarwood at a cost of So per foot. The company wants to maintain an Inventory of hookcases equal to 125 the following month sales. Inventory on May 1 consisted of 120 bookcases The company wants to maintain an next month's requirements, Materials inventary on May 1 consisted of 300 feet of cedar. The company estimates an inventory of oak on hand at the end of June of approximately 650 feet. Monthly fixed overhead and variable cost based on direct laber hour are provided on the table below Supervisor's 57500 salaries Direct labor hours for each bed 10 hours Cost per laber 511.50 hour Insurance S 1500 Depreciation of 51200 equipment fomice Depreciation of S 5500 factory Predetermined rate based on DHL. M.00 Required 1. Calculate sales budget in for each month and total the number of beds sold in May and June 2. Prepare a production budgets in units for each month and in total for May and June 3. Prepare purchases budget in for Direct materials for each month and in total for first two month 4. Prepare a direct labour budget for each month and total of the first 5. Prepare a manufacturing overhead budget for each month and the total for the first two months AN questions are based on only twe month May and June