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The productlon department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: In addltion,

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The productlon department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: In addltion, 6.200grams of raw materlals Inventory is on hand at the start of the ist quarter and the beginning accounts payable for the 1st quarter is $3,080. Each unit requires 8.20 grams of raw materlal that costs $1.60 per gram. Management desires to end each quarter with an Inventory of raw materials equal to 20% of the following quarter's productlon needs. The desired ending inventory for the 4th quarter is 8,200 grams. Management plans to pay for 80% of raw material purchases in the quarter acquired and 20% In the following quarter. Each unlt requires 0.40 dlrect labour-hours and direct labourers are pald $11.10 per hour. Required: 1. Prepare the company's dlrect materlals purchases budget and schedule of expected cash disbursements for materlals for the upcoming fiscal year. 2 Prepare the company's dlrect labour budget for the upcoming fiscal year, assuming that the direct labour workforce is adjusted each quarter to match the number of hours required to produce the forecast number of units produced

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