Question a Part A The ABC company manufactures beds that sell for $350. Budgeted sales for May, June and July 2020 are 3800 units , 4200 units and 3500 respectively, Each bed requires 20 square feet of cedarwood at a cost of $6 pers foot. The company wants to maintain an inventory of bookcases equal to 10% of the following month sales. Inventory on May 1 consisted of 125 bookcases The company wants to maintain an inventory of Sak equal to 20% of the next month's requirements. Materials inventory on May 1 consisted of 400 feet of cedar. The company estimates an inventory of cak en hand at the end of June of approximately 400 sq feet. Monthly fixed overhead and variable cost based on direct labor hour are provided on the table below Supervisor's SS500 salaries Direct labor hours for each bed 8 hours Cost per labor hour $12.50 Insurance 5 1500 Depreciation of $1200 equipment [Office) Depreciation of 5 factory Predetermined rate based on DHL $7.00 Required 1. Calculate sales budget is for each month and total the number of 2. Prepare a production budgets units for each month and in total for 3. Prepare purchases budget ins for Direct materials for each month and in total for first two months 4. Prepare a direct labour budget for each month and total of the first s. Prepare a manufacturing overhead budget for each month and the total for the first two months A questions are based on only two months (May and June