Sales, Production, Direct Materials Purchases, and Direct Labor Cost Budgets The hudget director of Royal Furniture Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected 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 Prince 440 units at $550 per unit Intemational: King 360 units at $850 per unit Prince 290 units at $600 per unit b. Estimated inventories at February 1 : Direct materials: c. Desired inventories at February 28: Direct materials: d. Direct materials used in production: In manufacture of King: In manufacture of Prince: Fabric 4.0 sq. yds. per unit of product Wood 26 linear t. per unit of product Filler 3,4cu,t. per unit of product Springs 12 units per unit of product e. Anticipated purchase price for direct materials: 3. Prepare a direct materals purchases budget for February. For those boxes in which you must enter subtracted or negative numbers use a minus sign