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The production department of Hareston Company has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to

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The production department of Hareston Company has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced 1st Quarter 7,400 2nd Quarter 8,400 3rd Quarter4th Quarter 6,400 5,400 In addition, the beginning raw materials inventory for the first quarter is budgeted to be 1600 kilograms and the beginning accounts payable for the first quarter are budgeted to be $3140 Each unit requires 2.4 kilograms of raw material that costs $180 per kilogram Management desires to end each quarter with an Inventory of raw materials equal to 10% of the following quarter's production needs. The desired ending inventory for the fourth quarter is 1,800 kilograms. Management plans to pay for 80% of raw material purchases in the quarter acquired and 20% in the following quarter. Each unit requires 0.6 direct labour-hours, and direct labour hour workers are pald $16.0 per hour Required: 1-o. Prepare the company's direct materials budget. (Round your answer to the nearest whole dollar amount.) HARESTON COMPANY Direct Materials Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Total needs (kilograms)

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