Question 4: Find in the missing information from the following budgets (3 points) Production Budget For the Year Ended December 31, 2018 Quarter 1 Quarter 2 Quarter 3 21,000 26,250 8,750 5,250 26,250 28,000 10,550 5,250 5,250 1,750 Q1, Year 2 8,000 Expected sales Desired ending inventory Total required units - beginning inventory Required production Total Quarter 4 9,000 1,600 10,600 1,800 8,000 1,600 6,400 61,350 Quarter 4 ? Total 61,350 45,500 Direct Materials Budget For the Year Ended December 31, 2018 Quarter 1 Quarter 2 Quarter 3 Units to be produced Direct material per unit Total pounds needed for production 42,000 17,600 + desired ending inventory 11,375 Total material required 53,375 49,900 22,000 - beginning inventory 11,375 4,400 Pounds of direct material purchase requirements 53,375 38,525 17,600 Cost per pound $ 1.5 $ 1.5 $ 1.5 Total cost of direct material purchase $80,063 $57,788 $26,400 Total 17,600 3,200 20,800 4,400 122,700 3,200 125,900 16,400 $ 1.5 $ 24,600 $188,850 125,900 $ 1.5 $188,850 $188,850