Sales, Production, Direct Materials Purchases, and Direct Labor Cost Budgets The budget director of Royal Furniture Company requests estimates of sales, production, and other operating data from the various administrative information concerning sales and production for February is summarized as follows: a. Estimated sales of King and Prince chairs for February by sales territory: Northern Domestic: King 610 units at $780 per unit Prince 750 units at $550 per unit Southern Domestic: King 340 units at $780 per unit Prunce 440 units at $550 per unit Intemational: King 360 units at $850 per unit Prince 290 units at $600 per unit b) Cotamated ingentoined at February 1: c. Desired inventories at February 28: Direct materials: Finished products: d. Direct materials used in production: In manufacture of King: e. Anticipated purchase price for direct materials: f. Direct labor requirements: Royal Furniture Company Sales Budget For the Month Ending February 28 Product and Area UnitSalesVolumeUnitSellingPrice Total Sales King: Northern Domestic Southern Domestic: International Total Prince: Northern Domestic Southem Domestic International Total Total revenue from sales Prepare a production budget for February. For those boxes in which you must enter subtracted or negative numb 3. Prepare a direct materials purchases budget for February. For those boxes in which you must enter subtracted or negative numbers use a minus si F Check My Wok Remember to take into account expected units to be sold, desired units in ending inventory and estimated units in beginning inventory w produced Once sales quantities are estimated, the expected sales revenue can be determuned