Scholastic Furniture, Inc., manufactures a variety of desks, chairs, tables, and shelf units that are sold to public school systems throughout the Midwest. The controller of the company's Desk Division is currently preparing a budget for the second quarter of the year. The following sales forecast has been made by the division's sales manager April May June 10,000 desk-and-chair sets 12,000 denk-and-chair seta 15,000 desk-and-chair sets Each desk-and-chair set requires 10 board feet of pine planks and 15 hours of direct labor. Each set sells for $50. Pine planks cost $0.50 per board foot, and the division ends each month with enough wood to cover 10 percent of the next month's production requirements. The division Incurs a cost of $20 per hour for direct-lobor wages and fringe benefits. The division ends each month with enough finished-goods Inventory to cover 20 percent of the next month's sales. Required: Complete the following budget schedules. 1. Sales budget 2. Production budget (in sets) 3. Raw-material purchases. 4. Direct-labor budget