Sales, Production, Direct Materials Purchases, and Direct Labor Cost Budgets The budget director of foyal Fumiture Company requests estimates of sales, production, and other operating doto from the various administrative units every month. Selected information conceming sales and production for February is summarized as follows: a. Estimated sales of King and Prince chairs for February by saies ternitory: 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 International: King 360 units at $850 per unit Prince 290 units at $600 per unit b. Estimated inventories at February 1 : c. Desired inventories at February 28: c. Desired inventories at February 28: Direct materials: d. Direct materiais used in production: In manufacture of King: In manufacture of Prince: e. Anticipated purchase price for direct materials: e. Anticipated purchase price for direct materials: f Dirart lahar ranuiramante. 1. Prepare a sales budget for February. 2. Prepare a production budget for February. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 3. Prepare a direct materials purchases budget for February. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 4. Prepare a direct labor cost budget for February