The production department of Priston Company has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units to be produced In addition, the beginning raw materials inventory for the 1st Quarter is budgeted to be 3,600 pounds and the beginning accounts payable forthe 1st Quarter is budgeted to be $11,775 nd each quarter raw materials inventory equal t 20% of the following quarter's production Required: positive values. Do not round intermediate calculations. Direct Materials Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Production needs pounds (Click to select) Click to select Total needs -pounds (Click to select) V: Click to select) Raw materials to be purchased pounds Cost of raw materials to be purchased 1b. Prepare a schedule of expected cash disbursements for purchases of materials for the upcoming fiscal year. (Leave no cells blank be certain to enter "0" wherever required. Do not round intermediate calculations,) Priston Compa Schedule of Expected Cash Disbursements for Materials 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Accounts payable, beginning balance st Quarter purchases 2nd Quarter purchases 3rd Quarter purchases 4th Quarter purchases Total cash disbursements for materials 2. Complete the company's direct labor budget forthe upcoming fiscal year, assuming that the direct labor workforce i forecasted number ofunits produced Priston Company Direct Labor Budget 1st Quarter 2nd Quarter rd Quarter 4th Quarter Total direct labor-hours needed Total direct labor cost