Question 3 of 18 -/1 Cullumber Company has 2,019 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4.200 and 5,800 units, respectively, 2 pounds of raw materials are needed for each unit, and the estimated cost per pound is $8. Management desires an ending inventory equal to 24% of next month's materials requirements. Prepare the direct materials budget for January. CULLUMBER COMPANY Direct Materials Budget 5 Question 3 of 18 CULLUMBER COMPANY Direct Materials Budget > $ $ Question 4 of 18 -/1 For Sheridan Company, units to be produced are 5,550 in quarter 1 and 6,100 in quarter 2. It takes 1.5 hours to make a finished unit, and the expected hourly wage rate is $15 per hour. Prepare a direct labor budget by quarters for the 6 months ending June 30, 2020. SHERIDAN COMPANY Direct Labor Budget Quarter 2 Six Mont 5 S $ S Question 4 of 18 -/15 and the expected hourly wage rate is $15 per hour. Prepare a direct labor budget by quarters for the 6 months ending June 30, 2020. SHERIDAN COMPANY Direct Labor Budget Quarter 2 Six Months >