Sales, Production, Direct Materials Purchases, and Direct Labor Cost BudgetsThe budget 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 unitSouthern Domestic: King$340$ ?units at $$780$ ?per unit Prince$440$ ?units at $$550$ ?per unitInternational: King$360$ ?units at $$850$ ?per unit Prince$290$ ?units at $$600$ ?per unitb. Estimated inventories at February $1$:Direct materials: Fabric$420$ ?sq$.$ ?yds$.$ ? Wood$580$ ?linear ft$.$ ? Filler$250$ ?cu$.$ ?ft$.$ ? Springs$660$ ?unitsFinished products: King$90$ ?units Prince$25$ ?unitsc. Desired inventories at February $28$:Direct materials: Fabric$390$ ?sq$.$ ?yds$.$ ? Wood$650$ ?linear ft$.$ ? Filler$300$ ?cu$.$ ?ft$.$ ? Springs$540$ ?unitsFinished products: King$80$ ?units Prince$35$ ?unitsd. Direct materials used in production:In manufacture of King: Fabric$6\mathrm{.}0$ ?sq$.$ ?yds$.$ ?per unit of product Wood$38$ ?linear ft$.$ ?per unit of product Filler$4\mathrm{.}2$ ?cu$.$ ?ft$.$ ?per unit of product Springs$16$ ?units per unit of productIn manufacture of Prince: Fabric$4\mathrm{.}0$ ?sq$.$ ?yds$.$ ?per unit of product Wood$26$ ?linear ft$.$ ?per unit of product Filler$3\mathrm{.}4$ ?cu$.$ ?ft$.$ ?per unit of product Springs$12$ ?units per unit of producte. Anticipated purchase price for direct materials:Fabric$$12\mathrm{.}00$per sq$.$ ?yd$.$Wood$7\mathrm{.}00$per linear ft$.$Filler$$3\mathrm{.}00$per cu$.$ ?ft$.$Springs$4\mathrm{.}50$per unitf. Direct labor requirements:King: Framing Department$1\mathrm{.}2$ ?hrs$.$ ?at $$12$ ?per hr$.$ ? Cutting Department$0\mathrm{.}5$ ?hr$.$ ?at $$14$ ?per hr$.$ ? Upholstery Department$0\mathrm{.}8$ ?hr$.$ ?at $$15$ ?per hr$.$Prince: Framing Department$1\mathrm{.}0$ ?hr$.$ ?at $$12$ ?per hr$.$ ? Cutting Department$0\mathrm{.}4$ ?hr$.$ ?at $$14$ ?per hr$.$ ? Upholstery Department$0\mathrm{.}6$ ?hr$.$ ?at $$15$ ?per hr$.$Required:$1.$ ? Prepare a sales budget for February.Royal Furniture CompanySales BudgetFor the Month Ending February $28$Product and AreaUnit SalesVolumeUnit SellingPriceTotal SalesKing: Northern Domesticfill in the blank $1$$fill in the blank $2$$fill in the blank $3$ ?Southern Domesticfill in the blank $4$fill in the blank $5$fill in the blank $6$ ?Internationalfill in the blank $7$fill in the blank $8$fill in the blank $9$ ?Totalfill in the blank $10$ ?$fill in the blank $11$ ? Prince: Northern Domesticfill in the blank $12$$fill in the blank $13$$fill in the blank $14$ ?Southern Domesticfill in the blank $15$fill in the blank $16$fill in the blank $17$ ?Internationalfill in the blank $18$fill in the blank $19$fill in the blank $20$ ?Totalfill in the blank $21$ ?$fill in the blank $22$Total revenue from sales $fill in the blank $232.$ ? Prepare a production budget for February. For those boxes in which you must enter subtracted or negative numbers use a minus sign.Royal Furniture CompanyProduction BudgetFor the Month Ending February $28$ ?Units KingPrincefill in the blank $25$fill in the blank $26$fill in the blank $28$fill in the blank $29$fill in the blank $31$fill in the blank $32$fill in the blank $34$fill in the blank $35$fill in the blank $37$fill in the blank $383.$ ? Prepare a direct materials purchases budget for February. For those boxes in which you must enter subtracted or negative numbers use a minus sign.Royal Furniture CompanyDirect Materials Purchases BudgetFor the Month Ending February $28$ ?Direct Materials Fabric$($sq$.$ ?yds$.)$ ?Wood$($linear ft$.)$ ?Filler$($cu$.$ ?ft$.)$ ?Springs$($units$)$TotalRequired units for production: King fill in the blank $39$ ?fill in the blank $40$ ?fill in the blank $41$ ?fill in the blank $42$ ?Prince fill in the blank $43$ ?fill in the blank $44$ ?fill in the blank $45$ ?fill in the blank $46$ ?Desired inventory, February $28$ ?fill in the blank $47$ ?fill in the blank $48$ ?fill in the blank $49$ ?fill in the blank $50$ ?Total fill in the blank $51$ ?fill in the blank $52$ ?fill in the blank $53$ ?fill in the blank $54$ ?Estimated inventory, February $1$ ?fill in the blank $55$ ?fill in the blank $56$ ?fill in the blank $57$ ?fill in the blank $58$ ?Total units to be purchased fill in the blank $59$ ?fill in the blank $60$ ?fill in the blank $61$ ?fill in the blank $62$ ?Unit price $fill in the blank $63$ ?$fill in the blank $64$ ?$fill in the blank $65$ ?$fill in the blank $66$ ?Total direct materials to be purchased $fill in the blank $67$ ?$fill in the blank $68$ ?$fill in the blank $69$ ?$fill in the blank $70$$fill in the blank $714.$ ? Prepare a direct labor cost budget for February.Royal Furniture CompanyDirect Labor Cost BudgetFor the Month Ending February $28$ ? FramingDepartment Cutting Department Upholstery DepartmentTotalHours required for production: King fill in the blank $72$ ?fill in the blank $73$ ?fill in the blank $74$ ? Prince fill in the blank $75$ ?fill in the blank $76$ ?fill in the blank $77$ ? Total fill in the blank $78$ ?fill in the blank $79$ ?fill in the blank $80$ ?Hourly rate $fill in the blank $81$ ?$fill in the blank $82$ ?$fill in the blank $83$ ?Total direct labor cost $fill in the blank $84$ ?$fill in the blank $85$ ?$fill in the blank $86$$fill in the blank $87$ ?please show work