Stenback Manufacturing produces self watering planters for use in upscale retail establishments, Sales projections for the first five months of the upcoming year show the estimatec unii sales of the planters cach month to be as follows: Click the icon to view additional information.) Inventory at the start of the year was 900 planters. The desired Inventory of planters at the end of each month should be equal to 25% of the following month's budgeted sales. Each planter requires three pounds of polypropylene (a type of plastic). Th company wants to have 20% of the polypropylere required for next month's production on hand at the end of each month. The polypropylene costs $0.10 per pound. Read the requirements Data Table - X 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. March Quarter 10.200 Stenback Manufacturing Production Budget For the Months of January through March January February Unit salus 3.600 3,400 Plus: Desired ending Inventory 850 800 Total needed 4450 4.200 900 aso Less: Beginning inventory Units to produce 3,550 3,350 Number of planters to be sold January ... 3,600 February 3.400 March 3,200 April ........ 4,800 May ......... 4,000 3.200 1 200 1.200 4.400 11.400 300 900 Print Done 3.500 10,500 Requirement 2. Prepare a Cirect 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. Stenback Manufacturing Direct Materials Budget For the Months of January through March January February March Quarter Units to be produced 3,550 3,350 3.600 10,500 Multiply by: Quantity of direct materials needed per unit Fnter any number in the edit telcs and then click 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 Start by preparing the direct materials budget through the total quantity needed, then complete the budget. Print Done Stenback Manufacturing Direct Materials Budget For the Months of January through March January February March Quarter Units to be produced 3,550 3,350 3,600 10,500 3 3 3 3 Multiply by: Quantity of direct materials needed per unit Quantity needed for production 10,800 31,500 10,650 2,010 50 2,160 3030 3030 Plus: Desired ending inventory of direct materials Total quantity needed 12,660 12,210 13830 38700