Swedish Chef Inc. makes high end cooking utensils. Two of the products that they make and sell are cooking pots and cooking spoon. Each pot is made with stainless steel and the pot lids are made with tempered glass. A pot with a lid is considered to be a single unit. Each spoon is made with a wooden handle and a silicone end. One spoon is considered one unit. Swedish Chef Inc. is currently preparing their budget for the next year. They believe they will sell 13,000 pots and 22,000 spoons over the year. They believe that they will sell each pot for $42 each and each spoon for $9 each. They estimate that, on average, each pot will need 3 pounds of steel, 8 ounces of glass and .6 hours of direct manufacturing labor to make and each spoon will need 1 block of wood, 45 grams of silicone and .2 hours of direct manufacturing labor to make. On December 31, 2021 Swedish Chef Inc. had $1,190 worth of steel, $7,371 worth of glass, $644 worth of wood and $907 of silicone in their inventory. They also had 450 finished pots in their inventory, which had a total cost of $9,570 and 1,090 finished spoons which had a total cost of $6,030. They had originally purchased the steel at $.85 per pound, the glass at $.81 per ounce, the wood at $.56 a block and the silicone at $.02 a gram. They estimate that for the year, they will spend $.90 on each pound of steel, $.76 on each ounce of glass, $.55 on each block of wood and $.03 on each gram of silicone. They also estimate they will spend $170,968 on labor (paying the same wage rate for both products), $39,689 on variable manufacturing overhead, and $27,477 on fixed manufacturing overhead. At the end of the quarter, they want these amounts in their ending inventory: Steel Glass: Wood: Silicone: Pots (Finished Goods): Spoons (Finished Goods): 1,800 pounds 9,600 ounces 800 blocks 44,000 grams 500 pots 1,000 spoons Swedish Chef Inc. uses the FIFO method to cost direct materials and finished goods inventory. For the purpose of this budget, the work-in-process inventories are considered to be negligible and ignored and the unit costs of direct materials purchased and finished goods are assumed to be constant for the period. With this information, please prepare these parts of the master budget for Swedish Chef Inc. for the next year. (Round all numbers to 2 decimal places) a. The Revenues Budget (Schedule 1) b. The Production Budget (Schedule 2) c. The Direct Materials Usage Budget (Schedule 3a) d. The Direct Materials Purchases Budget (Schedule 3b) e. The Direct Manufacturing Labor Budget (Schedule 4) f. The Manufacturing Overhead Cost Budget (Schedule 5) g. The Ending Inventories Budget (Just Schedule 6A (units)) h. The Cost of Goods Sold Budget (Schedule 7)