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 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 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). 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 $0.10 per pound. Read the requirements. i Data Table 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. Number of planters to be sold 3,600 Stenback Manufacturing Production Budget For the Months of January through March January February 3,600 3,400 January February 3,400 March Quarter March 3,200 Unit sales 3,200 10,200 1,200 April 4,800 850 800 Plus: Desired ending inventory 1,200 May 4,000 Total needed 4,450 4,200 4,400 11,400 900 850 800 900 Less: Beginning inventory Print Done 3,550 3,350 Units to produce 3,600 10,500 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. 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. Stenback Manufacturing Direct Materials Budget For the Months of January through March January February 3,550 3,350 March Quarter Units to be produced 3,600 10,500 3 3 3 3 Multiply by: Quantity of direct materials needed per unit Quantity needed for production 10,650 10,050 10,800 31,500 2,010 2,160 2,760 6930 Plus: Desired ending inventory of direct materials Total quantity needed 12,660 12,210 13,560 38430