The marketing department of Mauri Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales ....... 11,000 12,000 14,000 13,000 The selling price of the company's product is $18.00 per unit. The company expects to start the first quarter with 1,650 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1,850 units. Each unit requires 8 grams of raw material that costs $1.20 per gram. The beginning raw materials inventory for the 1st Quarter is budgeted to be 6,000 grams. Management desires to end each quarter with an inventory of raw materials equal to 25% of the following quarter's production needs. The desired ending inventory for the 4th Quarter is 8,000 grams. The company estimated that each unit of products requires 0.20 direct labor-hours and direct laborers are paid $11.50 per hour. Required: a) Prepare the company's sales budget, production budget, direct materials budget, direct labor budget for the upcoming fiscal year. [06] b) Describe the different types of responsibility centers that can be found in an organization. Explain how the performance of an investment center is evaluated. [04]