Question Asahi Glass Inc. produces and tributes lerent kinds of glasses. The information below about sales operations bas been assembled to assist budget preparation. The company is preparing its master budget for the first quarter of 2021. The buipe wil detall each month's cty and they for the quarter in total The master budget will be based on the following information Seling price was 542 per 2013 and will not change during 2020. Actual and Estimated Sales are as foliows- Estimated 2020 January 28,000 units February 20.000 units March 23 DOO April 25,000 May 20.000 The company producerar unha mach month to meet that month's sales per a desired investory level equal to 20% of next month's stated sales finhed goods inventory at the end of 2019 consisted of 2.000 na The company purchases enough raw material each month for the current mont's production requirement and 20% of next more production requirement. Each unit of product requires logram of raw materw at $0.50 per kilogram. There were 25.000 kilograma o ew materiah in mentory at the end of 2019. Apes of the material purchases in the north fach unit of the produits brown. The wage rate is $20 per hout WA Feed natutacturing owerhead costs per month are as formas Factory Manager's Salary $ 6500 $3,400 Factory Rent $45.000 Depreciation of actory $ 2.000 Totated 58Axenses are as follows Advertaling $ 3.000 Depreciation $ 3.000 Insurance $750 Salaries $5.000 Other $ 2.950 Variable seadmistrative sense cost of $3.5/unit for shipping and 12% osales for camions The balance sheet of December 31, 2000 follow- Cash $70,000 Accounts Receivable 512.000 entry Riw Materiale $12.500 Inventory: Finished Goods 2.000 1,500 Pant and Equipment $1,500,000 Les Accumulated Depreciation 180.000 930.000 Totale 51.596.500 and Equity Arcounts Payable $ 27.100 Long Term Notes able 819,000 Common Shares 635,000 115.000 Tools and Shareholders fully SL5.500 Additional information has folos Alcash payments est purchase of raw materials are made monthly as incurred Alborrowings occur at the beginning of each month, and all repayments at the end of the . pornterest rates and income to A minimum cash balance of 6,000 is required at the end of each month Row 1. Prepare the following budgets for each of the first three months of 2020. 21 mars Sales budget b. Production but w material