Required: 1. Prepare a production budget for Superma for the months July, August, September, and October. 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for Juy, August, and September, and for the quarter in total. Complete this question by entering your answers in the tabs below. Exercise 8-10 (Algo) Production and Direct Materials Budgets [LO8-3, LO8-4] Peari Products Uimited of Shenzhen, China, manufactures and distributes toys throughout Southeast Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company's products. The company is planning its raw materials needs for the third quarter, the quarter in which poak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements: a. The finished goods inventory on hand at the end of each month must equal 4,000 units of Supermix plus 20% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 11,800 units b. The raw materials inventory on hand at the end of each month must equal one-half of the following month's production needs for row materials. The raw materials inventory on June 30 is budgeted to be 60.000cc of solvent H300. c. The company maintains no work in process inventories A monthly sales budpet for Supermix for the third and fourth quarters of the year follow: Required: 1. Prepare a production budget for Supermix for the months July, August, September, and October. 3. Prepare a direct materials budget showing the quantify of solvent H300 to be purchased for July. August, and September, and for the quarter in total. Complete this question by entering your answers in the tabs below. Required: 1. Prepare a production budgot for Supermix for the months July, August, September, and October. 3. Prepare a direct materials budget showing the quantify of solwent H300 to be purchased for July, August, and Septembec, and for the quarter in totat. Complete this question by entering your answers in the tabs below. Prepare a production budget for Supermix for the months July, August, September, and October