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The marketing department of Gaeber Industries has submitted the following sales forecast for the upcoming fiscal year. lut Quarter 7.900 2nd Quarter 7.000 3rd Quarter

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The marketing department of Gaeber Industries has submitted the following sales forecast for the upcoming fiscal year. lut Quarter 7.900 2nd Quarter 7.000 3rd Quarter 6.100 Hudgeted sales (units) 4th Quarter 7,000 The company expects to start the first quarter with 1,580 units in finished goods inventory Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1780 units. In addition, the beginning raw materials Inventory for the first quarter is budgeted to be 3,920 kilograms and the beginning accounts payable for the first quarter are budgeted to be $15,620. Each unit requires two kilogralns of raw material that costs $7 per kilogram Management desires to end each quarter with an inventory of raw materials equal to 20% of the following quarter's production needs. The desired ending inventory for the fourth quarter is 3,220 kilogram Management plans to pay for 60% of raw material purchases in the quarter acquired and 40% in the following quarter Required: 1. Prepare the company's production budget for the upcoming fiscal year. GAEBER INDUSTRIES Production Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Tatal units needed 2.a. Prepare the company's direct materials budget. GAEBER INDUSTRIES Direct Material Budget 1st Quarter and Quarter Ird Quarter Ath Quarter Year Total needs (lograma) 2-6. Prepare the schedule of expected cash disbursements for materials for the upcoming seal year. (Round your answer to the nearest whole dollar amount) Year GAEBER INDUSTRIES Schedule of Expected Cash Disbursements for Materials Tat Quarter 2nd Quarter 3rd Quarter eth Quarter Accounts payable beginning titance 1st Quarter purchase 2nd Quarter purchase ind Guarter purchase 4 Quarter purchase 5 05 Total cash disbursements for materiais OS OS OS

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