Smith Mariufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information.) Inventory at the start of the year was 390 planters. The desired inventory of planters at the end of each month should be equal to 10% of the following month's budgeted sales. Each planter requires three pounds of polypropylene (a type of plastic). The company wants to have 20% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.25 per pound. Read the requirements. Requirement 1. Prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter. Smith Manufacturing Production Budget For the Months of January through March January February March Quarter Unit salos 3,900 3,700 3,100 10,700 Plus: Desired ending inventory 370 310 450 450 Total needed 4,270 4,010 3,550 11,150 390 370 Less: Beginning inventory 310 390 3,880 3,640 3.240 Units to produce 10,760 Requirement 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the pounds of polypropylene required and the total cost of the polypropylene to be purchased. Start by preparing the direct materials budget through the total quartily needed, then complete the budget. Smith Manufacturing Direct Materials Budget For the Months of January through March Enter any number in the edit fields and then click Check Answer. . ? 1 part remaining Clear All Check Answer Requirement 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the pounds of polypropylene required and the total cost of the polypropylene to be purchased. Start by preparing the direct materials budget through the total quantity needed, then complete the budget. Smith Manufacturing Direct Materials Budget For the Months of January through March January February 3,880 3,640 March Quarter Units to be produced 3,240 10,760 2 2 2 2 Multiply by: Quantity of direct materials needed per unit Quantity needed for production 7760 7280 6480 21,520 Plus: Desired ending inventory of direct materials Total quantity needed Enter any number in the edit fields and then click Check Answer. 1 part remaining Clear All Check